22-05-2025
Michael Saylor has a shocking plan to boost Strategy's balance sheet
Strategy (Nasdaq: MSTR), earlier known as MicroStrategy, plans to raise $2.1 billion through the sale of the shares of its 10.00% Series A Perpetual Strife Preferred Stock (Nasdaq: STRF), the firm announced on May 22.
The firm said it has entered into a sales agreement with TD Securities, Barclays Capital, and The Benchmark Company for the sale of the STRF shares.
Launched on March 26, the STRF share was exchanging hands at $99.87 in pre-market hours at the time of writing, up 11.83% a month.
The firm's 8.00% Series A Perpetual Strike Preferred Stock (Nasdaq: STRK) was trading at $101.75 in pre-market, up 17.65% a month.
This is a developing story.
