Strategy Ups Preferred Stock Sale to $2B as Bitcoin Soars
The post Strategy Ups Preferred Stock Sale to $2B as Bitcoin Soars appeared on BitcoinEthereumNews.com. Business intelligence firm–turned–Bitcoin treasury company Strategy has reportedly increased its preferred stock offering to $2 billion, up from the previously planned $500 million, as it continues raising capital to fund additional Bitcoin purchases. The Series A Perpetual Stretch preferred shares were priced at $90 each at noon Eastern Time on Thursday and carry an initial dividend of 9%, Bloomberg reported, citing an anonymous source. This update comes just days after Bloomberg first revealed the preferred equity sale, which at the time was expected to be marketed between $90 and $95 per share. As Cointelegraph reported, the offering includes 5 million preferred shares. The deal is being underwritten by several major institutions, including Morgan Stanley, Barclays, TD Securities and Moelis & Co. Strategy’s common stock, trading under the ticker MSTR, remained largely unchanged on Thursday, trading around $413. The stock has rallied 37% year-to-date and over 146% in the last 12 months, pushing the company’s market cap to around $116 billion. Strategy’s stock performance over the past year. Source: Google Finance MSTR has significantly outperformed both the S&P 500 Index and its information technology sector, each of which has gained roughly 17% over the past year, according to Fidelity Research. It’s no surprise that Strategy’s share price has moved in tandem with Bitcoin (BTC), which has set multiple record highs since 2024. The rally has been fueled by surging institutional interest through spot exchange-traded funds (ETFs), growing regulatory approval and rising corporate treasury demand. Related: Strategy adds $740M of Bitcoin as price surges past $122K Bitcoin treasury strategies take center stage Strategy remains the largest corporate holder of Bitcoin by a wide margin, with its success prompting other companies to adopt BTC as part of their treasury strategy. According to industry data, the top 100 publicly traded Bitcoin treasury companies collectively…
The post Strategy Ups Preferred Stock Sale to $2B as Bitcoin Soars appeared on BitcoinEthereumNews.com.
Business intelligence firm–turned–Bitcoin treasury company Strategy has reportedly increased its preferred stock offering to $2 billion, up from the previously planned $500 million, as it continues raising capital to fund additional Bitcoin purchases. The Series A Perpetual Stretch preferred shares were priced at $90 each at noon Eastern Time on Thursday and carry an initial dividend of 9%, Bloomberg reported, citing an anonymous source. This update comes just days after Bloomberg first revealed the preferred equity sale, which at the time was expected to be marketed between $90 and $95 per share. As Cointelegraph reported, the offering includes 5 million preferred shares. The deal is being underwritten by several major institutions, including Morgan Stanley, Barclays, TD Securities and Moelis & Co. Strategy’s common stock, trading under the ticker MSTR, remained largely unchanged on Thursday, trading around $413. The stock has rallied 37% year-to-date and over 146% in the last 12 months, pushing the company’s market cap to around $116 billion. Strategy’s stock performance over the past year. Source: Google Finance MSTR has significantly outperformed both the S&P 500 Index and its information technology sector, each of which has gained roughly 17% over the past year, according to Fidelity Research. It’s no surprise that Strategy’s share price has moved in tandem with Bitcoin (BTC), which has set multiple record highs since 2024. The rally has been fueled by surging institutional interest through spot exchange-traded funds (ETFs), growing regulatory approval and rising corporate treasury demand. Related: Strategy adds $740M of Bitcoin as price surges past $122K Bitcoin treasury strategies take center stage Strategy remains the largest corporate holder of Bitcoin by a wide margin, with its success prompting other companies to adopt BTC as part of their treasury strategy. According to industry data, the top 100 publicly traded Bitcoin treasury companies collectively…
What's Your Reaction?
