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    1. coinfeeds-bot on

      tldr; Strategy has increased its preferred equity offering from $500 million to $2 billion to fund additional Bitcoin purchases, leveraging a strong market rally driven by ETFs. The company priced its Series A Perpetual Stretch preferred shares at $90 each with a 9% dividend. Strategy, led by Michael Saylor, holds 607,770 BTC, making it the largest public corporate Bitcoin holder. The move highlights its aggressive Bitcoin acquisition strategy, which has influenced other public companies to adopt similar treasury practices.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. utilizatoru on

      this is financial engineering turned art form: issuing perpetual preferred to fund Bitcoin buys. if confidence cracks, the house of cards might collapse

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