Strategy (MSTR) officially launched the trading of his third “privileged actions supported by Bitcoin”, Strd, on the Nasdaq, with actions that make their debut on Wednesday.
The new security, officially appointed the 10% series of the series A perpetual, the privileged stock (STRD), closed the slightly higher day, winning 0.24%.
STRD offers a fixed annual dividend of 10%, making it the highest instrument among the strategy capital offers, which also include Strf and Strk. Unlike these, Strd is not convertible and not cumulative, which means that dividends are only paid when they are declared by the board of directors and do not accumulate if they are missed.
Despite this additional risk, the product is positioned to attract long -term investors who are looking for a strong return without management fees.
The strategy aims to raise nearly a billion dollars thanks to the offer by selling 11.76 million shares at $ 85 each. The net product is expected to total around $ 979.7 million after costs and expenses. According to the company, funds will be used for general purposes and accumulate a new accumulation of bitcoin.
The interest of investors seems solid, including the interior of the company. The member of the Board of Directors, Jarrod Patten, revealed the purchase of 5,000 Strd shares. Patten already has 28,000 ordinary MSTR Class A shares and 10,000 STRF shares, another privileged guarantee issued by the company.
Read more: the strategy changes the capital increase to privileged actions because the emission of common action loses allure
