Whalesbook
Strategy Inc. Ka Mega Plan: Bitcoin Khareedne Nikle $42 Billion!
Strategy Inc. ne apne Bitcoin khazane ko aur bhi bhari karne ke liye ek $42 billion ka zabardast at-the-market (ATM) equity offering launch kiya hai. Ye sirf ek chhota mota plan nahi hai, balki ismein $21 billion common stock (jise MSTR bhi kehte hain) aur $21 billion preferred stock (STRC) ka hissa hai. Aur toh aur, $2.1 billion ka ek naya Series A Perpetual Strike Preferred Stock (STRK) offering bhi issi mein shamil hai. Itna bada amount dheere dheere market mein bechne ke liye inhone apne agents ka network badha kar 19 kar diya hai, jisme Moelis & Company, A.G.P./Alliance Global Partners, aur StoneX Financial jaise bade naam bhi hain. Ye strategy hai ki shares ko dheere dheere becha jaye taaki market mein zyada gadbad na ho aur paisa aata rahe. March 22 tak, company ke paas existing programs par kafi capacity thi.
Kitna Bitcoin Hai Aur Broker Kya Bolte Hain?
Ab aap soch rahe honge ki ye company itna paisa kyun jod rahi hai? Asal mein, Strategy Inc. ne already 7,62,099 BTC jama kar rakhe hain, jinka average price lagbhag $75,694 raha hai. Matlab, $57.69 billion se bhi zyada ka investment! Lekin company ki valuation thodi alag hai. Inka koi P/E ratio nahi hai kyunki inka EPS negative hai, matlab operational profit se valuation nahi ho rahi. Competition mein Riot Platforms (RIOT) aur MARA Holdings (MARA) jaisi companies 2025 mein loss mein rehne wali hain aur unke paas itna Bitcoin bhi nahi hai.
Analysts ki baat karein toh zyada tar log Strategy Inc. ko 'Outperform' ya 'Strong Buy' rating de rahe hain aur target price $325 se $374 tak ka de rahe hain. Lekin B. Riley Securities ne $175 ka target diya hai, toh mix reaction hai. Global market mein bhi pressures hain, Bitcoin consolidate ho raha hai aur tech sector par bhi asar pad raha hai.
Risk Kya Hai Aur Future Plan?
Sabse bada risk kya hai? Shareholder dilution. Jab bhi company ne pehle aise bade equity raises kiye hain, toh stock price gir gaya hai, lagbhag 7-8% tak. Aur abhi short interest bhi 10.83% se zyada hai, matlab bahut se investors ko lagta hai ki ye strategy kaam nahi karegi aur stock price gir jayega. Company operational profit se nahi, balki market se paisa utha kar Bitcoin kharid rahi hai. Aur ye preferred stock wale maamle (STRC, STRK) bhi thode complicated aur costly hain. STRC ke liye dividend hi annual $1.05 billion tak pahunch jata hai, jo ki kafi zyada hai.
Strategy ka '42/42' plan hai, jismein 3 saal mein $84 billion uthane ka goal hai. Yeh unhe Bitcoin market mein ek bada player banaye rakhega. Yeh ek high-risk, high-reward wala game hai. High short interest aur pehle ke stock crashes dikhate hain ki investors abhi bhi cautious hain ki ye company apna equity ko Bitcoin mein convert karne ka plan kaise manage karti hai.