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.
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
DryMyBottom on
I need to stack some more before MS buy all of it🙃
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Hope they put on a weight belt to lift that sale.
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.
this is financial engineering turned art form: issuing perpetual preferred to fund Bitcoin buys. if confidence cracks, the house of cards might collapse
I need to stack some more before MS buy all of it🙃