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Michael Saylor Shifts to Using Preferred Shares to Buy Bitcoin as Criticism Rises
Michael Saylor Shifts to Using Preferred Shares to Buy Bitcoin as Criticism Rises

Bloomberg

time4 days ago

  • Business
  • Bloomberg

Michael Saylor Shifts to Using Preferred Shares to Buy Bitcoin as Criticism Rises

Michael Saylor's Strategy bought $1.05 billion in Bitcoin in the last seven days, the third consecutive week in which the cryptocurrency treasury company has used preferred shares exclusively instead of common stock to fund purchases. The company formerly known as MicroStrategy Inc. purchased 10,100 Bitcoin from June 9 to June 15 at an average price of $104,080, according to a filing Monday. The haul was the largest by Strategy in five weeks, raising its total holdings to roughly $63.4 billion.

French state makes offer to buy part of Atos' former Advanced Computing unit
French state makes offer to buy part of Atos' former Advanced Computing unit

Reuters

time02-06-2025

  • Business
  • Reuters

French state makes offer to buy part of Atos' former Advanced Computing unit

PARIS, June 2 (Reuters) - The French state has made a 410 million euros ($466.33 million)confirmatory offer to buy part of the former Advanced Computing business of tech company Atos ( opens new tab, said Atos on Monday. Once seen as a European tech champion, with a market value of more than 10 billion euros at its highest, Atos emerged from financial troubles in 2024 thanks to a restructuring agreement with its creditors. Atos said the French state's offer for its former Advanced Computing business was worth 410 million euros on an enterprise value basis. It added that its Vision AI businesses did not form part of the planned deal with the French government, and that Vision AI would be repositioned within Atos' Eviden business unit. ($1 = 0.8792 euros)

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