Time for Bitcoin Hyper to Shine as a Top Altcoin?
The post Time for Bitcoin Hyper to Shine as a Top Altcoin? appeared on BitcoinEthereumNews.com. Strategy, the company that kicked off the corporate Bitcoin trend, is at it again, looking to scoop up even more of the digital gold with its brand-new $STRC Preferred Stock. They’re calling it ‘Stretch,’ and it’s all to raise another $500M to boost the company’s Bitcoin stash. The plan is to sell 5M shares at $100 each, and here’s the sweetener: it’ll start with a 9% dividend rate. The move hammers home Strategy’s laser focus on piling up Bitcoin, all thanks to its main man, Michael Saylor. STRC is hitting the market hot on the heels of other successful fundraising pushes. Just last week, Strategy announced a raise of $782M through their preferred equity ATMs. $STRC will join Strategy’s existing line-up of preferred shares, $STRK, $STRF, and $STRD, showing just how many different ways it’s finding to generate cash for the digital asset game. Strategy’s already a giant in the corporate Bitcoin world, sitting on over 600K Bitcoin, worth over $70B. This never-ending quest to pile $BTC is making Strategy a major player in connecting old school finance with the booming crypto scene. What’s the Deal with STRC Preferred Stock? So what’s $STRC about for investors? Essentially, it’s designed for those who want a steady income stream and a piece of Strategy’s Bitcoin-backed operations. Unlike some other preferred shares, $STRC dividends add up if they’re not paid, and the rate can even shift a bit within certain limits set by the company. This flexibility helps Strategy keep the share price close to that $100 mark while managing its financing costs. Source: Strategy Generally speaking, preferred stock gives investors a stronger claim on a company’s assets and earnings than common stock, especially if things go south. But on the flip side, you usually don’t get voting rights, and the shares won’t…
The post Time for Bitcoin Hyper to Shine as a Top Altcoin? appeared on BitcoinEthereumNews.com.
Strategy, the company that kicked off the corporate Bitcoin trend, is at it again, looking to scoop up even more of the digital gold with its brand-new $STRC Preferred Stock. They’re calling it ‘Stretch,’ and it’s all to raise another $500M to boost the company’s Bitcoin stash. The plan is to sell 5M shares at $100 each, and here’s the sweetener: it’ll start with a 9% dividend rate. The move hammers home Strategy’s laser focus on piling up Bitcoin, all thanks to its main man, Michael Saylor. STRC is hitting the market hot on the heels of other successful fundraising pushes. Just last week, Strategy announced a raise of $782M through their preferred equity ATMs. $STRC will join Strategy’s existing line-up of preferred shares, $STRK, $STRF, and $STRD, showing just how many different ways it’s finding to generate cash for the digital asset game. Strategy’s already a giant in the corporate Bitcoin world, sitting on over 600K Bitcoin, worth over $70B. This never-ending quest to pile $BTC is making Strategy a major player in connecting old school finance with the booming crypto scene. What’s the Deal with STRC Preferred Stock? So what’s $STRC about for investors? Essentially, it’s designed for those who want a steady income stream and a piece of Strategy’s Bitcoin-backed operations. Unlike some other preferred shares, $STRC dividends add up if they’re not paid, and the rate can even shift a bit within certain limits set by the company. This flexibility helps Strategy keep the share price close to that $100 mark while managing its financing costs. Source: Strategy Generally speaking, preferred stock gives investors a stronger claim on a company’s assets and earnings than common stock, especially if things go south. But on the flip side, you usually don’t get voting rights, and the shares won’t…
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