The strategy (MSTR) will probably be on the market for additional Bitcoin purchases considerable after setting the price of an increased sale of its latest problem of preferred shares.
The company sold 8.5 million shares of its preferential shares of the perpetual Strife of the 10% series A at a price of $ 85 each, raising approximately $ 711.2 million. The strategy initially hoped to raise $ 500 million.
The last series of preferred actions differs from the original Strk that comes with a higher coupon (10% versus 8%) and does not have a provision of conversion of common actions.
The company in the last check had more than 499,200 bitcoin, so this next purchasing round should carry the stack of strategies above 500,000.
MSTR shares marginally decrease in action prior to the market of just under $ 300. Bitcoin is stable to $ 84,000.
