MicroStrategy punta tutto su Bitcoin con altri $2 miliardi

MicroStrategy has once again turned the spotlight on Wall Street and in the crypto world with the launch of a perpetual preferred stock offering that could be worth up to 2 billion dollars. A significant leap from the previous 500 million announced a few months ago, which makes clear the company’s intention to strengthen the accumulation of Bitcoin. 

It is not just a move to attract investors: MicroStrategy, under the leadership of Michael Saylor, is increasingly confirmed as a prominent bull in modern digital finance.

The offer has been announced for the first quarter of 2025, obviously always subject to market conditions.

What does this choice mean for MicroStrategy and for the market?

The expansion of the offering of preferred shares arises from a strong market demand for regulated financial products that allow exposure to the growth of cryptocurrencies, particularly Bitcoin. In a context of high volatility, MicroStrategy is leveraging innovative tools to continue investing in its digital reserves, thus strengthening its capital without having to resort to traditional debt.

Preferred shares series A: how do they work and what advantages do they offer?

The new MicroStrategy series A preferred shares are designed as perpetual instruments, meaning without an expiration date. They will remain on the market until the company decides otherwise, thus allowing for long-term capital raising.

Here are their main characteristics:

1. Absolute priority in the payment of dividends compared to ordinary shareholders
2. No expiration, which makes them ideal for those aiming for long-term investments
3. Possibility to indirectly participate in the performance of Bitcoin, given MicroStrategy’s strategy focused on cryptocurrencies
4. They contribute to strengthening the balance sheet and the company’s investment capacity

Already from the initial analyses, the offer seems to have garnered interest beyond expectations, especially from institutional funds.

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Saylor Strategy: financial genius or crypto gamble?

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The CEO Michael Saylor is famous for having converted a large part of the company’s reserves into Bitcoin. With this issuance of preferred shares, he seems to want to transform MicroStrategy into a sort of corporate “ETF” on Bitcoin, without going through traditional financial vehicles.

The opinions in the financial community are anything but unanimous:

1. The analyst Tom Lee from Fundstrat appreciated the move, calling it “a revolutionary model for digital treasury.”
2. On the other hand, sources like The Block warn of the risks: “The growth of MicroStrategy depends almost exclusively on the performance of Bitcoin, with limited diversification.”

Preferred or common MicroStrategy shares: what really changes?

Preferred shares give precedence in the payment of dividends and in the event of corporate liquidation, thus offering greater security in situations of financial stress. Common shares, on the other hand, confer full voting rights, which is appreciated by those who want an active role in corporate decisions. It is essential to understand this distinction to make informed investment choices, both in traditional markets and in crypto markets.

Is MicroStrategy’s Bitcoin strategy sustainable?

The aggressive policy of accumulating Bitcoin has certainly increased the volatility of MicroStrategy’s shares on the stock market, but it has also opened new paths on how a publicly traded company can manage its treasury.

By the end of 2024, MicroStrategy owns approximately 423,650 Bitcoin, purchased at an average price of about 60,324 dollars for each BTC, with a market value that changes at the pace of Bitcoin’s bull and bear fluctuations.

“This initiative strengthens MicroStrategy’s leadership among institutional investors interested in indirect exposure to cryptocurrencies”,

explains Alex Krüger, a well-known macro analyst and crypto investor.

Having said that, the close correlation with the price of Bitcoin involves a rather high risk: sudden movements in the crypto market can directly compromise the company’s value and its financial stability. However, MicroStrategy focuses on transparency and a long-term vision to reassure investors.

Is it worth investing in MicroStrategy preferred stocks now?

MicroStrategy preferred shares offer several interesting advantages:

1. Priority dividends, even in difficult times
2. Greater financial protection in complex situations
3. Indirect exposure to Bitcoin without the hassle of managing wallets or exchanges

It should be remembered, however, that the volatility of Bitcoin makes this instrument highly potential, but equally risky. Before investing, carefully assess your ability to tolerate the typical instability of cryptocurrencies and a company heavily exposed to the crypto sector.

A move that shakes Wall Street (and your portfolio)?

The maxi issuance of preferred shares by MicroStrategy represents one of the boldest operations of recent years, straddling traditional finance and digital assets.

With this initiative, the company positions itself as a true bridge between traditional finance and the world of cryptocurrencies.