#CryptoMarketPullback

During the first IPO on the European stock market, it was planned to issue about 3.5 million preferred shares of Strategy (STRE) and raise 350 million euros ($378 mln). However, the demand from European institutional investors for the company's new shares greatly exceeded the planned emission volume, allowing the IPO organizers to double the offering.
At the same time, the nominal value of the shares decreased from 100 euros to 80.00 euros ($92) per piece. The net revenue from the placement of STRE shares is estimated at approximately 608.8 million euros ($702.2 million) after deducting discounts, underwriting fees, and overhead costs.
The company stated that the funds will be used to acquire bitcoins and replenish working capital. As of November 8, Strategy holds 641,205 BTC. The current value of the bitcoin reserve at the time of assessment is approximately $64.2 billion at an average purchase price of $74 490 per coin.
Previously, crypto analyst and co-founder of the CMCC Crest fund Willy Woo (Willy Woo) stated that short-term fluctuations in the cryptocurrency market will not cause Strategy to sell its bitcoins.