As I mentioned, this preferred stock isn't attached to a maturity date—it’s perpetual. From a financing perspective, that means MicroStrategy has no looming deadline for returning the principal.
Still, the nearly 9% yield is very high. It is significantly above many preferred equity ETFs that are closer to 6%.
On Jan. 31, Strategy announced the offering of 8.00% Series A Perpetual Strike Preferred Stock, trading under the ticker symbol STRK. The first thing to understand is that the security will pay an ...
The issuance and sale of the perpetual strike preferred stock are scheduled to settle on February 5, 2025, subject to customary closing conditions. MicroStrategy estimates that the net proceeds to ...
MicroStrategy unveiled its Series A Perpetual Strike Preferred Stock (STRK) with an 8% cumulative dividend. MicroStrategy’s preferred stock offering unlocks a new way to raise capital without ...
Shares of MicroStrategy (MSTR), a business intelligence company known for its Bitcoin (BTC-USD) holdings, were down 6% in the pre-market ...
MicroStrategy (NASDAQ:MSTR) has proposed an offering of 2.5M shares of its Series A Perpetual Strike Preferred Stock. The company plans to use the net proceeds from the offering for general ...
The company announced in its last earnings report a plan to raise $42 billion to buy bitcoin in three years. It’s already ...
MicroStrategy plans to offer 2.5M Series A Perpetual Strike Preferred shares, using proceeds for Bitcoin acquisitions. Preferred stock offers fixed-rate cumulative dividends, payable in cash or ...
MicroStrategy (MSTR), which recently changed its name to “Strategy,” has launched its new convertible preferred stock on the Nasdaq stock exchange with a hefty 9% dividend yield. The shares ...