Michael Saylor's Strategy Boosts Latest Preferred Share Raise to $2B From $500M: Bloomberg

Description

Strategy (MSTR), the world's largest corporate bitcoin (BTC) holder helmed by Michael Saylor, has lifted the size its preferred stock offering STRC to $2 billion, Bloomberg reported on Thursday. That's a significant raise from the original plan of issuing 5 million shares for $100 $100 each for a total of $500 million announced on Monday. STRC (dubbed "stretch" by the company) aims to deliver a regular dividend to investors, initially set at a 9% rate. According to the Bloomberg report, the firm...