Strategy (MSTR), the biggest Bitcoin company holder
Assessed the new privileged stock offer designed to give long -term investors a fixed annual return of 10% without management fees.
The company will sell 11.76 million shares from its privileged shares (STRD) of the 10% series (STRD), expecting to bring about around $ 979.7 million after costs and expenses, according to a press release.
The actions, which are below other favorite offers of the Strf and Strk strategy, should settle on June 10. Unlike Strf, which has a senior status and lower volatility, and Strk, which is convertible and pays 8%, Strd offers the highest yield among the capital products of the strategy while being more risky.
It is delivered with a non -cumulative dividend, which means that the missed payments will not accumulate, and the dividends will only be paid when they are declared by the Board of Directors.
STRD is designed to use investors looking for high -performance options. The actions are not callers under normal conditions, with redemption clauses which are triggered only under certain tax events or structural changes of the company, said the press release.
The strategy indicates that the supply product will be used for general companies, in particular the acquisition of an additional bitcoin.
The actions of the company increased by 1.7% in the pre-commercial negotiations to $ 375.
Read more: The strategy extends the capital battery with the launch of privileged Strd actions with high yield
