The strategy, which was previously Microstrategy, plans to raise $ 250 million through a preliminary public offer for a new class of permanent favorite stocks so that you can finance more Bitcoin purchases.
The strategy intends to issue 2.5 million shares of favorite stocks in the Series a Protride by 10 %, with Sticer Strd, at $ 100 per share He said In the June 2 statement.
He added that the offer revenues will be used to acquire additional Bitcoin (BTC) and provide working capital.
Permanent favorite stocks often pay steady profits indefinitely, with no due date and usually have priority over regular arrows in the payments.
The strategy’s permanent stock offer will be available for institutional investors and non -institutional selective investors.
The offer will add a new donation tool for a strategy to finance Bitcoin purchases, which were primarily facilitated by issuing shared shares and convertible notes.
The strategy is to a large extent the largest bitcoin holder in the world, with 580,955 Bitcoin – at a value of more than 61.7 billion dollars – in its public budget, According to To its website.
Bitcointreasuries.net Data He explains that Bitcoin’s strategy’s bodies are more than twice the other 117 companies that are traded in Bitcoin, which is combined Bitcoin.
Another $ 250 million strategy can be allowed to buy 2,351.8 Bitcoin at the current market prices, with Bitcoin trading at $ 106,325.
The CEO of the founder and co -founder of the strategy, Michael Sailor, has been a major Orchor behind the company’s Bitcoin investment strategy.
Strd owners are not guaranteed profits
Strd owners are qualified for 10 % annual profits in cash, but only if it is announced by the Strategy Council or an accredited committee.
The stock profits are not cumulative, and this means that unpaid amounts do not invalidate to future periods.
If it is announced, the STRD profits will be paid on the last day of every quarter of Mali, starting from September 30, 2025.
Related to: Silor says that the proof of Onchin preserves a “bad idea” due to the risks of security
The strategy can recover all the Strd shares due for cash if it remains less than 25 % of the total chest in the original. In the event of a “basic change”, STRD holders can request a strategy to purchase their shares for money. In both cases, the re -purchase price includes the $ 100 liquidation preferences in addition to any declared profits that have not been paid.
Barclays will at Wall Street Banks, Morgan Stanley, Molis and Partners and TD Securities will manage STRD, while it will support many investment companies, including the standard company and Airivet Securities, the offer.
The offer is made according to an effective statement to register the shelf provided by the US Securities and Exchange Committee.
magazine: Go to Portugal to become a digital Bedouin for encryption – everyone else
The post Strategy offers $250M preferred stock to stack more Bitcoin first appeared on Investorempires.com.
