By Marco Piccolo Key highlights: Strategy (formerly MicroStrategy) aims to raise up to $4.2 billion via a new at-the-market (ATM) offering of its 10% Series A Perpetual Stride Preferred Stock (STRD). Proceeds are intended for general corporate purposes, including further Bitcoin acquisitions. The company currently holds 597,325 BTC, valued at over $65 billion, accounting for […]
Tag: STRD
By Marco Piccolo Institutional interest in Bitcoin continues to build as two prominent crypto-focused firms, Strategy and The Blockchain Group, announce major capital commitments to expand their BTC holdings. Trade Crypto on Kraken Strategy acquires 1,045 BTC, bolstering treasury to $62 billion Bitcoin treasury giant Strategy, formerly known as MicroStrategy, disclosed a new purchase of […]
By mrblockchain Strategy (formerly MicroStrategy) is launching 2.5 million perpetual preferred shares called “Stride” (STRD), offering a 10% annual dividend, to fund further Bitcoin accumulation and general operations. The new equity structure provides investors with non-cumulative dividends, redemption rights, and protections in the event of major corporate changes. The crypto community has expressed skepticism about […]