Strategy (formerly MicroStrategy) is set to raise $500 million through the public offering of variable-rate preferred shares to finance additional Bitcoin acquisitions.
Widely recognized as a leading corporate Bitcoin investor, Strategy announced plans to issue 5 million shares of its new preferred stock model, designated as "STRC." Priced at $100 per share, proceeds from these shares will be used to expand the company's Bitcoin holdings and bolster general working capital.
According to Strategy's announcement, the STRC shares will be perpetual, variable-rate preferred stocks. Initially set at an annual dividend yield of 9%, dividends will be paid in cash at the end of each month. The company's board reserves the right to adjust the dividend rate monthly based on specific market conditions.
Analysts emphasize that these specialized preferred stocks offer investors a more stable and attractive income alternative compared to direct Bitcoin investments.
