Strategy Aims to Raise Another $500M for Bitcoin Buys With New Preferred Series

robot
Abstract generation in progress

Strategy (MSTR) has launched its latest fundraising vehicle for additional bitcoin (BTC) purchases.

The STRC Preferred Stock (nicknamed "stretch" by the company) will have an initial dividend rate of 9%. The company is looking to sell 5 million shares at $100 each for a total of $500 million.

STRC will join the company's other preferred series of shares — STRK, STRF and STRD — not to mention the common stock at-the-market program, through which MSTR raised $736 million just last week for more bitcoin acquisitions.

Strategy, of course, is gorilla among corporate bitcoin holders with more than 600,000 coins worth about $72 billion.

MSTR is little-changed in after hours trade.

View Comments

BTC-1.46%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)