The Bitcoin (BTC) Treasury Firm strategy says it is ready to collect more from the Crypto King after praising a new preferred stock.
In a new one wire On the Social Media platform X, Strategy founder and BTC Maxi Mici Mici Mici Mici Mici Mici Mici Mici Mici Mici Mici Michael Saylor announced the Strife Perpetual Preferred Stock (STRF) offer, which raised the $ 500 million deal to $ 722.5 million.
The company says that it is planning to use the proceeds of the offer to buy more of the best crypto assets per market capitalization, according to a recent press release.
“Strategy today announced the prices of its offer on March 20, 2025 of 8,500,000 shares of 10.00% Series A Petual Strife Preferred Stock, at a public offer price of $ 85.00 per share …
The company plans to use the net revenue of the offer for general business purposes, including the takeover of Bitcoin and for working capital. “
The company says that the supply offer “would collect cumulative dividends at a fixed rate of 10.00% per year compared to the declared amount of $ 100 per share.” Preferred stock offering yields permanent dividends, just like bonds, but also represent ownership in a company.
Strategy – formerly known as micro strategy – currently in possession 499,226 BTC worth around $ 41.9 billion, according to data from Bitcoin Treasuries.
In February, the strategy announced that the $ 2 billion was collected by a private offer of 0% convertible senior notes – or debt proofs that can be converted into a predetermined amount of the issues of the emitting – to promote his Bitcoin acquisition.
The Digital Asset flagship acts for $ 83,947 at the time of writing, a marginal increase during the last 24 hours.
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Generated image: midjourney