1 week ago
Strategy (MSTR), the largest firm holder of bitcoin, plans to rise arsenic overmuch arsenic $4.2 cardinal done income of a recently issued preferred banal series, according to a Thursday filing with the U.S. Securities and Exchange Commission.
The offering comes conscionable days aft the institution sold astir $2.5 cardinal worthy of STRC, oregon "stretch," to investors and the banal debuted trading connected the Nasdaq Global Select Market. The shares wage a 9% adaptable dividend, adjustable astatine the company’s discretion to support marketplace terms stability.
The filing besides coincided with the steadfast reporting second-quarter nett income of $10 cardinal driven by bitcoin's terms gains during the quarter.
Read more: Strategy Earned $10B successful Q2 connected Back of Bitcoin Price Gain
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