Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

MicroStrategy Announces $563,400,000 Stock Offering, Says Part of Proceeds Will Be Used To Acquire More Bitcoin

Software development firm MicroStrategy (MSTR) is announcing a massive new stock offering to raise funds for accumulating more Bitcoin ( BTC ). In a new press release, the business intelligence company says it is setting the price of its perpetual strike preferred stock offering at $80 per share with the hopes of obtaining $563.4 million, some of which would go towards acquiring more of the top crypto asset by market cap. Other ways the funds would be used include for working capital as well as general corporate expenses. A preferred stock offering is a way for a firm to raise capital without diluting its voting rights. They generally offer investors higher and more consistent yields as well as more stability. Says MicroStrategy, “The perpetual strike preferred stock will have a liquidation preference of $100 per share and will accumulate cumulative dividends at a fixed rate of 8.00% per annum… Holders of the perpetual strike preferred stock will have the right to convert their shares of perpetual strike preferred stock on any business day (subject to certain limitations) into shares of MicroStrategy’s class A common stock.” Earlier this month the shareholders of MicroStrategy – which was founded by Bitcoin maximalist and former chief executive Michael Saylor – voted to increase the number of shares in a bid to raise money to purchase more of the crypto king. At the time, it was reported that the proposal was to increase the number of common shares from 330 million to 10.3 billion and preferred shares from 5 million to 1 billion. The proposal passed with about 56% approval. According to data from BTC blockchain tracker Bitcoin Treasuries, MicroStrategy at time of writing has a stash of 471,107 BTC worth just over $48 billion. The flagship digital asset is trading for $102,002 at time of writing, a 3.2% decrease during the last 24 hours while MSTR is valued at $334 at time of writing, a 1.6% decrease on the day. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post MicroStrategy Announces $563,400,000 Stock Offering, Says Part of Proceeds Will Be Used To Acquire More Bitcoin appeared first on The Daily Hodl . Decrypt

---

TRON PRICE ANALYSIS & PREDICTION (February 1) – TRX Signals Bullish But Its Low Volatility May Slow Down Rally

Rolling back to where it initiated a massive surge last December, TRX bounced back briefly and showed signs of strength after establishing support. It currently signals buy and looks set for another major move. After the late 2024 surge that rallied the price to a peak of $0.45, TRX halted buying and rolled over. These rolls caused a deep correction and the market provided over 20% discount after six weeks of trading. The bulls took advantage of it and pushed the price back after dropping to a low of $0.217 in mid-January. As shown on the daily chart, they are slowly getting back on track but their footings are not strong yet. A significant cross above the key $0.3 level should bring retail attention to the market while the bias turns positive. For now, there’s not enough buying volume as it still trades in the bears’ zone in the short term. Failure to push through this key level might result in a dip capable of causing more correction. But looking at the latest setup, the bulls will likely sustain pressure until the price recovers fully to the top. Regardless of that, TRX remains one of the hidden altcoins staging a fresh increase, although trading volatility appears low at the time of writing while it slowly reaccumulates on the daily timeframe. TRX’s Key Level to Watch Source: Tradingview Pushing above $0.275, the next line of interest for the bulls would be the $0.31 resistance. If they scale through $0.37 to the key $0.4 level, the next resistance level to watch for a breakup would be $0.45. The $0.217 level is still standing as support. If the price drops below it, the $0.186 and $0.17 levels would be the next stopover for selling. Key Resistance Levels: $0.275, $0.31, $0.37 Key Support Levels: $0.217, $0.186, $0.17 Spot Price: $0.254 Trend: Bullish Volatility: Low Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: slavstan/ 123RF // Image Effects by Colorcinch Decrypt