“This is the initial sale of the company perpetual Strife Preferred Stock.”, – WRITE: www.coindesk.com
Strategy Raises $ 711m to Buy More Bitcoin in Upszed Strf Perpetual OfferingThis is the initial sale of the company perpetual Strife Preferred Stock.Updated Mar 21, 2025, 8:16 PM UTCPublished Mar 21, 2025, 12:17 PM UTC
Strategy (Mstr) Will Likely Soon Be in the Market for Additional Sizable Bitcoin Purchases After Prting an Upsized Sale of Its Latest Preferred Stock Issue.
The Company Sold 8.5m Shares of Its 10% Series A Perpetual Strife Preferred Stock at Price of $ 85 Each, Raising Roughly $ 711.2m. Strategy Initial Had Hoped to Raise $ 500m.
The Latest Series of Preferred Stock Differs from the Original Strk in that It Comes with A Higher Coupon (10% Versus 8%) and Has No Common Share Conversion Provision.
The Company at Last Check Owned More than 499,200 Bitcoin, So This Coming Fresh Round of Purchases Should Take the Strategy Stack Well Above 500,000 Tokens.
Mstr Shares Are Down Marginally in Premarket Action to Just Under $ 300. Bitcoin is Steady AT $ 84,000.
Stephen AlpherStephen Is Coindesk’s Managing Editor for Markets. HE PREVIUSLY Served As Managing Editor at Se timesing Alpha. A Native of Suburban Washington, DC, Stephen Went to the University of Pennsylvania’s Wharton School, Majoring in Finance. He Holds Btc Above Coindesk’s Discalosure Threshold of $ 1,000.
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