PANews reported on August 20 that Strategy (MSTR) announced a reduction in the threshold for stock issuance to raise more funds for Bitcoin purchases. MSTR fell 7.43% to $336.57 on Tuesday and dropped another 0.76% in after-hours trading, hitting a new low since April 21. The company updated its policy to allow MSTR to issue new shares when below 2.5 times its net assets, to pay off debt interest and dividends. This move has raised concerns among some investors about the company's motives. During the same period, the stock prices of several crypto-related companies also declined.
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The strategy lowers the issuance threshold, and MSTR stock price hits a new low since April.
PANews reported on August 20 that Strategy (MSTR) announced a reduction in the threshold for stock issuance to raise more funds for Bitcoin purchases. MSTR fell 7.43% to $336.57 on Tuesday and dropped another 0.76% in after-hours trading, hitting a new low since April 21. The company updated its policy to allow MSTR to issue new shares when below 2.5 times its net assets, to pay off debt interest and dividends. This move has raised concerns among some investors about the company's motives. During the same period, the stock prices of several crypto-related companies also declined.