The new Bitcoin-backed equity, STRD, has officially started trading on Nasdaq. This represents Strategy’s efforts to expand its Bitcoin-backed offerings and attracts significant institutional interest.
Strategy successfully raised about 980 million USD from the sale of 11.76 million shares at 85 USD each, surpassing its previous target of 250 million USD, indicating high demand from investors.
Executive Chairman Michael Saylor’s optimism shines through with predictions of Bitcoin reaching 1 million USD soon and 13 million USD by 2045, supported by increasing institutional investments and limited supply.
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