“The World’s Largest Corporate Holder of Bitcoin is Looking to Raise AROUND $ 500 Million in an Offering of Perpetual Preferred Strife Stock.”, – WRITE: www.coindesk.com
The Company’s Perpetual Strife Preferred Stock (Strf) Offers A Fixed 10% Annual Cash Dividend, Paid Quarterly, According to An Sec Filing IF DIVIDENDS Are (Quarterly), up to a maxumum of 18%. The First Dividend Payment Is Schereduled for June 30, 2025.
Strategy’s Initial Preferred Series (Strk) Initiali Offered Only An 8% Interest Rate. And Strategy’s Series of Convertible Debt Offers Came With Negligible or Even 0% Interest Rates (Different Product Than Preferred, Of Course).
Unlike Common Stock, Strf Holders Do Not Have Voting Rights BUT HAVE PRIORITY IN LIQUIDATION WITH A $ 100 per Share Share Liquidation Preference. Strategy has the right to redem strf if fewer than 25% of the Original Shares Remain or if Tax Events Occur, While Holders Can Demand a Buack in Case of A Fundamental Change.
Strf is experted to trade on nasdaq with 30 days of ISSUANCE, OFFERING INVESTORS BITCOIN EXPOSURE WITH A HIGH-YELD STRUCTURE. Morgan Stanley, Barclays, Citigroup, and Moelis & Company Are Joint Book-Running Managers for the Offering, Conducted Under An Sec Shelf Registration.
After Buying Bitcoin at A Galloping Pace Over Several MONTHS, Strategy’s Fundraising and Token Acquisitions Have Slowed to a Crawl in Recent Weeks. The Company Last Week Did Make Addrational Bitcoin Purchases, But They Were Hardly Needle-Moving-Just 130 BTC for $ 10.7 Million to Bring Total Holdings to 499.226 Tokens.
MSTR is Lower by 5% in Early Action Tuesday Alongside A Slide in Markets in General and Bitcoin’s DIP to $ 81.300 from $ 84,000 A Day Ago.
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