Saylor’s Strategy Expands Stretch Shares Amid Surging Investor Demand

Description

Saylor announced an increase in the new STRC share offering from $500 million to $2.8 billion. The rise was driven by strong investor demand, as the shares offer a 9% annual dividend. These preferred shares have higher payout priority than regular shares. Bitcoin enthusiast and co-founder of Strategy (formerly MicroStrategy), Michael Saylor, has announced an increase in the offering of preferred shares from $500 million to $2.8 billion, citing strong investor demand, according to Bloomberg . The...