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The strategy lowers the issuance threshold, and MSTR stock price hits a new low since April.
PANews, August 20, reported by The Block, Strategy (MSTR) announced a reduction in the threshold for stock issuance to raise more funds for Bitcoin purchases. MSTR closed down 7.43% on Tuesday to $336.57, and fell another 0.76% in after-hours trading, marking 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, for the purpose of repaying debt interest and paying dividends. This move has raised concerns among some investors about the company's motives. During the same period, the stock prices of several cryptocurrency-related companies also fell.
BTC-1.43%