TD Cowen: The issuance of STRD strategy will "bring significant value to MSTR shareholders"
According to Golden Finance, the corporate Bitcoin finance company Strategy (stock code MSTR) recently purchased approximately 10,000 Bitcoins for $1 billion, bringing its total holdings close to the 600,000 BTC mark. The company's recent purchase funds mainly came from its $1 billion Stride perpetual preferred stock (STRD) IPO. TD Cowen analysts stated that this process "establishes channels for future high-yield capital inflows into Bitcoin." Additionally, the market sales of STRK and STRF also provided the company with additional funds.
After the latest purchase last week, Strategy currently holds a total of 592,100 BTC.
TD Cowen analysts wrote in a report on Tuesday: "Therefore, we expect [STRD]
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