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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 .
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Ripple (XRP) Could Reach $15, But a New Competitor at $0.005625 Is the Best Option for a 30x ROI
Ripple (XRP) is gaining momentum, with experts suggesting it might climb to $15 as its adoption increases. Yet, Lightchain AI, a new player, is capturing attention. This project, part of the Lightchain AI presale , is currently priced at only $0.005625 and has already gathered a remarkable $14.2 million, reflecting significant interest from early backers. While XRP shows consistent growth, Lightchain AI’s innovative blend of AI and blockchain technology sets it apart, offering a promising chance for a potential 30x return. Could it outpace Ripple`s progress? Initial figures suggest it`s worth further exploration. Ripple’s Path to $15 – Promising Growth on the Horizon Ripple’s digital currency, XRP, has seen substantial growth, currently priced at $3.20. Analysts believe it could reach $15 by May 2025, driven by technical analyses such as Fibonacci time zones and the Elliott Wave theory. This optimistic outlook is bolstered by Ripple`s launch of RLUSD, a U.S. dollar-backed coin designed to enhance liquidity within its network. Additionally, the increase in large holders and active addresses reflects growing investor confidence and adoption. These developments collectively suggest a positive trajectory for XRP, making the $15 target seem increasingly attainable. Why Lightchain AI Provides a Superior 30x ROI Prospect Lightchain AI offers a promising opportunity for a 30x ROI by merging strong tokenomics with a detailed plan to innovate in blockchain and AI. Its total supply of 10 billion tokens is strategically distributed to ensure sustainable growth—40% for presale, generating $14.2 million; 28.5% for staking rewards; 15% for liquidity; 6.5% for treasury; 5% for marketing; and 5% for the team, fostering balanced ecosystem development and rewarding early adopters. The roadmap includes strategic milestones: Prototype Development (Nov 2024): Introduction of essential AI-integrated blockchain components. Testnet Rollout (Jan 2025): Real-world testing phase for developers and node operators. Mainnet Launch (Mar 2025): Achieving full functionality and decentralization of the network. Ecosystem Growth (May 2025): Expansion through developer grants and industry partnerships. Global Adoption (Jun 2025): Improving scalability and cross-chain interoperability. With these clearly defined stages, Lightchain AI is set to become a major force in the crypto world. Seize the Opportunity – Don’t Overlook Lightchain AI Even though XRP could continue to see steady growth, the chance for a 30x ROI with Lightchain AI is too significant to pass up. Its advanced AI and blockchain integration positions it as a leader in transforming sectors like finance, healthcare, and education. Moreover, its current low price during the presale phase offers a great opportunity for savvy investors to acquire a larger stake at just $0.005625 per token, potentially leading to significant gains once it hits exchanges. With a solid foundation and rapid growth prospects, Lightchain AI stands out as one of the most promising investments for 2025. Now is the moment to act—join the Lightchain AI revolution and take advantage of this groundbreaking opportunity. https://lightchain.ai https://lightchain.ai/lightchain-whitepaper.pdf https://x.com/LightchainAI https://t.me/LightchainProtocol The Daily Hodl
February Forecast: Bitcoin Price Insights Spark Excitement
February may show promising performance for Bitcoin based on historical data. Expert insights suggest cautious strategies amidst market fluctuations. Continue Reading: February Forecast: Bitcoin Price Insights Spark Excitement The post February Forecast: Bitcoin Price Insights Spark Excitement appeared first on COINTURK NEWS . The Daily Hodl
