Strategy (MSTR) has officially launched the trade of its third “preferred actions backed by Bitcoin”, Strd, in the Nasdaq, with actions that debut on Wednesday.
The new security, formally appointed the preferred stock of perpetual passage of 10% of series A (STRD), closed the day slightly higher, winning 0.24%.
STRD offers a fixed annual dividend of 10%, which makes it the instrument of higher performance among the capital offers of the strategy, which also include Strf and Strk. Unlike those who, StRD is not convertible and are not tumulative, which means that dividends are paid only when the Board declares it and does not accumulate if it is lost.
Despite this additional risk, the product is positioned to attract long -term investors looking for strong performance without management rates.
The strategy aims to raise almost $ 1 billion through the offer selling 11.76 million shares at $ 85 each. Net income is expected to supply around $ 979.7 million after rates and expenses. According to the company, the funds will be used for general corporate purposes and a greater accumulation of Bitcoin.
The interest of investors seems strong, even from the inside of the company. The Jarrod Patten Board member revealed the purchase of 5,000 STRD shares. Patten already has 28,000 shares of common actions of Mstr Class A and 10,000 Strf shares, another preferred security issued by the company.
Read more: Strategy changes capital increase to preferred shares as the issuance of common shares loses charm
