#MarketPullback
Strategy offers $1 billion in stock to buy more Bitcoin.💲✨
Saylor's post on X follows the announcement of a $1 billion stock offering, quadrupling its previously announced increase of $250 million. The company stated it will use the proceeds to fund additional Bitcoin purchases and general corporate expenses.
The offering includes 11.76 million shares of its Series A Perpetual Preferred Stock at 10.00% with a price of $85 per share. Strategy expects to raise about $979 million after deducting underwriting expenses and other charges.
Unlike its previous funding methods, preferred stock offers non-cumulative dividends of 10%. This attracts institutional and professional investors seeking yield. Its goal is to provide more predictable returns to investors while the company continues to pursue its aggressive Bitcoin accumulation strategy.
#TrumpTariffs #BinanceAlphaAlert #SouthKoreaCryptoPolicy #BigTechStablecoin