Strategy Launches $2.1 Billion STRF Preferred Stock Offering
Strategy has announced its largest Perpetual Strife Preferred Stock ($STRF) offering yet, at $2.1 billion.
The #PreferredStock will trade on Nasdaq at market price, currently up 16% from launch at $99.8 per share.
$STRF offers 10% annual cash dividends with escalation mechanisms for institutional investors only.
CEO Phong Le highlights its $31 million daily trading volume since Q1 launch.
Michael Saylor calls $STRF the "crown jewel" of Strategy's preferred strategy to attract new Bitcoin investors.
As the world's largest corporate holder, the company holds 576,000
$BTC worth approximately $64 billion.
Strategy stock gained 2.8% to $413 while #Bitcoin reached new highs above $111,000.
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