Strategy Upsizes STRD Preferred Stock Offering to $1 Billion to Buy More Bitcoin

Strategy, earlier Micro -zoneincreased his offer for a permanent Streathod Preferred section or STRD, at $ 2 $ 250 million, along with product prices, the company states blog blog Posted on Friday.

The strategy said that the product, which will pay 10% of non -musical dividends to investors, will be offered $ 85 per share to the public. In terms of offer income, the strategy will move away with $ 979 million to add Bitcoin Stock, the company added.

Strd represents Third form of preferred supplies Founded strategy this year, accompanying the company Strf and Strk products. Each offer has unique features and advantages, between the features of the purchase and the possibility of the dividends to be collected. The strategy originally planned to offer STD investors in the amount of $ 100 per share.

Strd, unlike the stryar of the Strf offer, which also pays 10% of a quarterly dividend, does not allow the calculation of the missed payments of dividends. And unlike the Stright of the Strk offer, Strd does not allow the investor to turn later preferred shares into common shares. Strd is for life without any life, which means that the preferred stock does not have a related due date.

“It’s our high -yield credit instrument,” said the co -founder of the Strategy and the Executive President Michael Saylor UA video If he had divided this week into X. “Compared to the Strk or the Strf, this should be a higher yield of the preferred instrument.”

During the presentation, Saylor distributed graphics stating that Strd, which is listed on Nasdaq, has a “limited” sensitivity to Bitcoin’s price. As for the station, STRD investors are ranked behind the Strf -a owner, but they come to joint shareholders.

“STRD represents the fourth gear in our Bitcoin engine,” he added. “The point of our engine is to generate BTC torque via surgical management of our [at-the-money offering programs]. “

The company currently holds 580,995 Bitcoin, or $ 60.9 billion worth of this writing. Bitcoin currently costs $ 104,638, basically flat in the last 24 hours and declines from a short drop below a $ 101,000 tag on Thursday afternoon.

The price of the strategy strategy has increased by as much as $ 377.80 during the trading before the Square on Friday, but it began to slide after opening the bell, according to Yahoo finance. They are even bigger now, trading around $ 378.26, which is 2.6%increase.

Edited James Rubin