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‘Bitcoin Price Train’ Goes Full Ahead, Michael Saylor Shares Ultra-Bullish Take
Michael Saylor, Bitcoin permabull and co-founder of Bitcoin treasury company Strategy, has noted the BTC price surge that has been taking place in the past few hours, and made that the topic of his regular daily BTC tweet.
Once again, Saylor has posted a Bitcoin-themed AI-generated image featuring himself. This time, Saylor is sitting in a nineteenth-century train, dressed in matching clothes, with a pocket watch in his hand. The train is about to leave the train station. The caption to the image addresses the crypto community: “All aboard the Bitcoin Express.”
That tweet was published as the world’s pioneer crypto, Bitcoin, has surged to the $109,500 level, leaving behind $108,680. Currently, BTC is changing hands at $109,460 per coin.
Strategy issues $4.2 billion Bitcoin offer
Earlier this week, Michael Saylor published a press release, saying that his Bitcoin-focused company, Strategy, is making a $4.2 billion offering to investors – an STRD At-The-Market (ATM) Program.
The document says that the company intends to issue 10% Series A Perpetual Stride Preferred Stock and sell them at $0.001 per share. An aggregate offering price is estimated to be up to $4.2 billion.
The proceeds from this fundraising initiative will be used to accumulate more Bitcoin. Currently, the firm holds 597,325 BTC valued at $65,341,560,947.