Strategy (MSTR), the largest corporate head of Bitcoin
It has valued the new offer of preferred shares designed to give investors in the long term a fixed annual yield of 10% without management rates.
The firm will sell 11.76 million shares of its preferential actions of Perpetual Stride of 10% (STRD), hoping to generate an estimated $ 979.7 million after rates and expenses, according to a press release.
The actions, which are below the other favorite offers of the Strf and Strk strategy, will be established on June 10. Unlike Strf, which has a senior state and a lower volatility, and Strk, which is convertible and pays 8%, STRD offers the highest performance among the capital products of the strategy while it is more risky.
It comes with a non -tumulative dividend, which means that lost payments will not accumulate, and dividends will only be paid when the Board declares it.
STRD is designed to attract investors looking for high performance options. The actions cannot be seen in normal conditions, with redemption clauses that are activated only under certain fiscal events or structural changes in the company, it is read in the statement.
The strategy says that the income income will be used for general corporate purposes, which include the acquisition of additional bitcoin.
The company’s shares increased 1.7% in the negotiation prior to the market to $ 375.
Read more: Expande Capital Stack Strategy with the launch of high performance STRD preferential shares
