Editor's PiCK
Strategy to buy more Bitcoin... issuing additional 5 million preferred shares
Summary
- Strategy announced that it plans to issue 5 million Series A permanent stripe preferred shares to purchase additional Bitcoin.
- The company stated that funds raised through this issuance will be used for corporate operations and additional Bitcoin purchases.
- The offering is co-managed by Morgan Stanley and Citigroup, and Strategy reported that they purchased an additional 130 BTC the previous day, bringing their holdings to 499,226 BTC.
Strategy plans to issue an additional 5 million Series A permanent stripe preferred shares to purchase more Bitcoin (BTC).
On the 18th (local time), Michael Saylor, founder of Strategy, announced via X, "Strategy announces the issuance of new permanent preferred shares called Stripe," adding that "they will be offered to institutional and some non-institutional investors."
According to the attached materials, Strategy will issue 5 million Series A permanent stripe preferred shares through a public offering. The funds raised through this offering will be used for corporate operations and additional Bitcoin purchases. The shares will pay 10% annual interest, with dividends to be paid quarterly. This offering is co-managed by Morgan Stanley, Citigroup, and others.
Meanwhile, Strategy purchased an additional 130 BTC the previous day. Their current Bitcoin holdings amount to 499,226 BTC.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
