Summary
- Strategy announced it will issue 2.5 million perpetual preferred shares with a 10% yield and seek a public offering to accumulate more Bitcoin.
- Through this offering, it plans to raise a total of $250 million, with each share priced at $100.
- Alongside the offering, Strategy purchased an additional 705 Bitcoins, bringing its total holdings to 580,955.
Strategy (formerly MicroStrategy) is seeking to raise funds to accumulate more Bitcoin (BTC).
According to Bloomberg on the 2nd (local time), Strategy announced that it will issue 2.5 million perpetual preferred shares with a 10% yield and proceed with a public offering. In this offering, Strategy will set the price at $100 per share to raise a total of $250 million. The ticker has been set as STRD.
Preferred shareholders will receive non-cumulative cash dividends at an annual rate of 10%, at the company's discretion.
Meanwhile, earlier in the day, Strategy purchased an additional 705 Bitcoins. Strategy now holds a total of 580,955 Bitcoins (about $41 billion).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
