Michael Saylor’s Strategy IPO could raise $500M for Bitcoin – Here’s how
Main Idea
Michael Saylor’s Strategy Inc. plans to raise $500 million through an IPO of preferred stock to expand its Bitcoin holdings, following a recent $736 million stock sale that increased its BTC stash to over 607,000 coins.
Key Points
1. Strategy Inc. announced an IPO for its Variable Rate Series A Perpetual Stretch Preferred Stock, aiming to raise $500 million by offering 5 million shares at $100 each.
2. The proceeds from the IPO will be used to acquire more Bitcoin and for working capital, continuing the firm's aggressive Bitcoin accumulation strategy.
3. The STRC Stock offers a 9% annual dividend, payable monthly starting August 31, 2025, and can be redeemed by Strategy at $101 per share under certain conditions.
4. Strategy recently raised $736.4 million through the sale of 1.6 million MSTR shares, bringing its total Bitcoin holdings to 607,770 BTC, purchased at an average price of $71,756 per coin.
5. The IPO is SEC-registered and backed by leading investment banks, with full terms available in the official prospectus.
Description
What’s behind this $100 preferred stock offering with a 9% dividend?
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