Strategy, a Bitcoin-buying firm, raised $715 million through its Perpetual Stream Preferred Stock (STRE), a preferred share denominated in Euros and designed to pay regular dividends. The STRE offering, priced at €80 per share (down from the initial €100), is aimed at European investors and will be listed on the Euro MTF Luxembourg exchange. The funds will be used to acquire more Bitcoin, with the company currently holding 641,205 Bitcoin, valued at around $64.6 billion. Strategy’s stock has fallen 14% over the week as Bitcoin’s price approached the $100,000 mark. The company is increasingly relying on preferred shares for funding due to the declining effectiveness of issuing common shares.
coinfeeds-bot on
tldr; Strategy has raised $715 million through its new Perpetual Stream Preferred Stock (STRE), denominated in euros and listed on the Euro MTF Luxembourg exchange. The proceeds will be used for operational expenses and acquiring more Bitcoin. The company currently holds 641,205 Bitcoin, valued at $64.6 billion. STRE offers a fixed 10% dividend and prioritizes claims over common shareholders but ranks below other preferred shares and debt holders. Strategy has shifted to preferred shares for funding as its stock price has declined.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Notoriousrb on
20% discount 🤣
Common stock in the gutter 🤣🤣
Bear market gonna rip Michael a new one if and when it hits 🤣🤣🤣
partymsl on
Now they are even getting it from us Europoors…
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**Summary:**
Strategy, a Bitcoin-buying firm, raised $715 million through its Perpetual Stream Preferred Stock (STRE), a preferred share denominated in Euros and designed to pay regular dividends. The STRE offering, priced at €80 per share (down from the initial €100), is aimed at European investors and will be listed on the Euro MTF Luxembourg exchange. The funds will be used to acquire more Bitcoin, with the company currently holding 641,205 Bitcoin, valued at around $64.6 billion. Strategy’s stock has fallen 14% over the week as Bitcoin’s price approached the $100,000 mark. The company is increasingly relying on preferred shares for funding due to the declining effectiveness of issuing common shares.
tldr; Strategy has raised $715 million through its new Perpetual Stream Preferred Stock (STRE), denominated in euros and listed on the Euro MTF Luxembourg exchange. The proceeds will be used for operational expenses and acquiring more Bitcoin. The company currently holds 641,205 Bitcoin, valued at $64.6 billion. STRE offers a fixed 10% dividend and prioritizes claims over common shareholders but ranks below other preferred shares and debt holders. Strategy has shifted to preferred shares for funding as its stock price has declined.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
20% discount 🤣
Common stock in the gutter 🤣🤣
Bear market gonna rip Michael a new one if and when it hits 🤣🤣🤣
Now they are even getting it from us Europoors…