Strategy to Offer $2.1 Billion in ‘Crown Jewel’ Preferred Stock

Strategy, earlier Micro -zoneplans to raise $ 2.1 billion by issuing multiple preferred shares, according to the value for securities submission Thursday.

Permanent conflicts of strategy prefers supplies (stf), which was discovered In March, it offers 10% annual cash dividend. The product, which is only available to institutional investors, has a escalation mechanism, where its payment can be increased if the payment strategy is missed.

The offer was conceived as a low -volatility option for investors who bring in other initiatives to raise strategy funds, including USD -ranked $ 21 billion through Strategy’s Conpetual Strike Stay Felged Stock (Strk) and $ 21 billion by issuing common shares of the company.

Unlike the first offer of Stryars, which has been increased to $ 723 million with $ 500 million, the preferred shares will be offered at Nasdaq at the market price. In a video Published in X, former Twitter, President of the Strategy and CEO of Phong Lee, noted that the price of the PPA has increased by $ 16% to $ 99.8 from its launched price of $ 85 per share.

“We were very pleased with the performance of the Strk -Ai Strf since we performed them in the first quarter,” he added, pointing out the November $ 31 million in daily trading.

In the video, the co -founder of the Strategy and Executive President Michael Saylor described Strf as “the crown gem of our preferred strategy.” In this regard, the company is “choice” about how much Strf issues, he added, admitting that $ 2.1 billion is a modest increase compared to other efforts to raise the strategy.

At the end of the day, Strf unlocks a new class of investors, said Saylor, who may not be comfortable buying Bitcoin, a “very unstable section”, or a convertible debt.

“Because the market is getting more comfortable with Bitcoin and more comfortable with our preferred strategy, they will start to see how good these instruments are,” he said. “Strife is an instrument to induce a new investor class into the Bitcoin space.”

The strategy is the world’s largest corporate corporate holder of Bitcoin, which controls 576,000 bitcoins worth about $ 64 billion. Earlier this week, the company said that it had added about $ 764 million in the corporate box office.

The price of the strategy’s stock rose on Thursday by $ 2.8% to $ 413, Yahoo Finance said. Although the price of Bitcoin set a fresh maximum of $ 111,000, the price of the strategy shares has not yet eclipse the highest maximum of $ 543, seen in November.

Edited by James Rubin