Michael Saylor's Strategy is launching a new preferred stock offering to expand Bitcoin (BTC) investment. This fundraising is a strategy to secure funds for purchasing Bitcoin, different from traditional convertible bonds or stock issuance methods.
Strategy officially announced the public offering of 5 million shares of variable-rate Series A perpetual preferred stock STRC (Stretch Preferred Stock). With a par value of $100, it offers an initial annual dividend rate of 9%, paid monthly. The dividend is cumulative, allowing investors to expect stable returns.
The company plans to use the raised funds for general operating expenses and additional Bitcoin purchases. This new type of preferred stock is particularly attractive to institutional investors looking to bet on future Bitcoin price increases.
This offering is an extension of the $4.2 billion ATM (at-the-market) stock issuance plan announced on July 7, where the company had previously indicated its intention to continue purchasing Bitcoin with new funds.
Strategy, which has actively incorporated Bitcoin into its corporate assets, is currently considered the listed company with the most Bitcoin holdings worldwide. With potentially improved political environment following pro-cryptocurrency statements, such corporate asset expansion could provide additional market momentum.
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