menu
techminis

A naukri.com initiative

google-web-stories
source image

TheNewsCrypto

3d

read

131

img
dot

Strategy Raises $1B via STRD Stock Offering to Accelerate Bitcoin Purchases

  • Strategy raised $979.7M through STRD stock offering by pricing 11.76M shares at $85 each.
  • The offering provides a fixed 10% non-cumulative dividend with no conversion option.
  • The raised funds will primarily be used for additional Bitcoin acquisitions.
  • Michael Saylor referred to STRD as the 'fourth gear' in Strategy's 'Bitcoin engine' to add high-yield credit product with limited Bitcoin price sensitivity.

Read Full Article

like

7 Likes

For uninterrupted reading, download the app