sauna on Nostr: They had to bump up the yield to 9%, which seems not unreasonable considering BTC ...
They had to bump up the yield to 9%, which seems not unreasonable considering BTC goes up by ~40%/year
quoting note1xyr…6t2mJUST IN: MicroStrategy’s perpetual convertible preferred stock offering was oversubscribed by nearly 3X, increasing from 2.5M to 7.3M shares at $80 each.
This larger preferred stock sale allows them to raise $584M in new capital to buy more Bitcoin.
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