$BTC ๐ ๐ถ๐ฐ๐ต๐ฎ๐ฒ๐น ๐ฆ๐ฎ๐๐น๐ผ๐ฟ ๐๐บ๐ฝ๐ ๐จ๐ฝ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ช๐ฎ๐ฟ ๐๐ต๐ฒ๐๐ ๐ช๐ถ๐๐ต $2.8 ๐๐ถ๐น๐น๐ถ๐ผ๐ป ๐๐ฒ๐ฎ๐น
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Michael Saylor's company, Strategy, launched a new kind of preferred stock called Stretch, which promises buyers a 9% annual payout with no end date.
The deal was upsized from $500 million to $2.8 billion, according to a person familiar with the transaction, and allows Strategy to tweak the dividend.
ยฉ Bloomberg
