Michael Saylor sells 5 million shares to buy BTC

Strategy, a company known for its active Bitcoin investments, has announced its intention to sell 5 million Series A Perpetual Strife preferred shares. The primary goal of this offering is to raise additional funds to expand Bitcoin reserves and increase working capital. According to the company's official statement, the proceeds from the sale will be used for general corporate purposes, including acquiring blockchain currency. However, the final decision will depend on market conditions and other factors. Series A shares will yield 10% annual cumulative dividends, with shareholders receiving quarterly payments starting June 30, 2025. Additionally, Strategy reserves the right to buy back all shares for cash if their market share drops below 25% of the total offering. Interestingly, the share sale announcement came after Strategy made its smallest-ever Bitcoin purchase. On March 17, 2025, the company acquired just 130 BTC worth 10.7 million dollars, with an average Bitcoin price of 82,981 dollars. This reduction in investment volume coincided with analysts' views on a potential end to the bull cycle. On March 18, 2025, CryptoQuant founder and CEO Ki Young Ju stated that the digital gold market is entering a 6–12 month consolidation phase, which could signal the beginning of a bear trend.