PANews reported on August 20th that, according to The Block, Strategy (MSTR) announced it would lower the threshold for issuing additional shares to raise more funds for Bitcoin purchases. MSTR closed down 7.43% at $336.57 on Tuesday, and fell another 0.76% in after-hours trading, hitting a new low since April 21st. The company's updated policy allows MSTR to issue additional shares if its net asset value falls below 2.5 times its net asset value to repay debt interest and pay dividends. This move has raised concerns among some investors about the company's motives. The stock prices of several crypto-related companies also fell during the same period.
Strategy lowers the threshold for additional issuance, and MSTR's stock price hits a new low since April
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Author: PA一线
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