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International Business Times UK

Niloy Chakrabarti

Saylor's Strategy Plans $250M IPO to Buy More BTC Right After Adding $75M Worth of Tokens to the Vault

Strategy Michael Saylor Bitcoin IPO Trump Media

Michael Saylor sees bitcoin price dips as opportunities to buy more tokens. (Credit: X.com)

Michael Saylor's bitcoin buying spree shifts gears as Strategy announced plans to raise £185.16 million ($250 million) through an initial public offering (IPO) of a new class of perpetual preferred stock to fund more BTC purchases.

The announcement comes on the same day Saylor posted on X, formerly Twitter, that his company added 705 bitcoins to the vault for £55.62 million ($75.1 million). Strategy now holds a total of 580,955 bitcoins. The latest bitcoin acquisition was made at nearly £78,877 ($106,495) per token.

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