$BTC Rally Drives Strategy's Preferred Stock Offering to $2 Billion
Michael Saylor's Strategy has quadrupled its preferred stock offering from $500 million to $2 billion.
Series A Perpetual preferred shares priced at $90 each carry 9% initial dividend rates.
The business intelligence firm holds 607,770
$BTC, representing 66% of all public company holdings.
MSTR stock gained 37% year-to-date and 146% over 12 months, reaching a $116 billion market cap.
Morgan Stanley, Barclays, TD Securities, and Moelis & Co. are underwriting the institutional deal.
#Strategy remains the largest corporate
$BTC holder by a wide margin among 918,108 total public company holdings.
Recent corporate adopters include Quantum Solutions, planning a 3,000
$BTC acquisition over one year.
#MARA Holdings ranks second with 50,000
$BTC, while other miners expand treasury strategies.