๐ Michael Saylor Unveils Bold $BTC Funding Strategy
According to Bloomberg, Strategy Chairman Michael Saylor has rolled out an unconventional financing weapon โ Perpetual Preferred Stock โ to replace common stock issuance and convertible bonds in fueling Bitcoin acquisitions.
๐ฐ So far in 2024:
$6B raised through four perpetual preferred stock offerings
Over $40B raised from common stock & bond financing since January
Saylor believes $100Bโ$200B could be tapped in the future
๐ This move marks another aggressive push in Saylorโs quest to stack more BTC and solidify his firmโs crypto dominance.
DYOR No Financial advice!
