Latest news with #SeriesAPerpetualStretch
Bloomberg
5 days ago
- Business
- Bloomberg
Saylor's Strategy Expands Preferred Stock Offering to $2 Billion
Strategy increased the size of its latest sale of preferred equity to $2 billion from $500 million, according to a person familiar with the matter, as the Bitcoin treasury firm led by Michael Saylor continues to mop up demand for exposure to the cryptocurrency. Bitcoin's biggest corporate owner, known formally as MicroStrategy Inc., is set to price the Series A Perpetual Stretch preferred shares at noon Thursday in New York, the person said, asking not to be identified as the information isn't public.
Bloomberg
21-07-2025
- Business
- Bloomberg
Strategy Seeks $500 Million in Latest Preferred Equity Sale
Michael Saylor's Strategy is seeking to raise at least $500 million from its latest sale of preferred equity, offering a variable-rate security to fund more Bitcoin purchases. Bitcoin's biggest corporate owner, which is known formally as MicroStrategy Inc., is marketing 5 million shares of Series A Perpetual Stretch preferred shares with an initial dividend rate of 9%, according to a statement Monday.
