BitcoinNews on Nostr: JUST IN: MicroStrategy announces they want to raise up to $2 billion through a new ...
JUST IN: MicroStrategy announces they want to raise up to $2 billion through a new type of stock called perpetual preferred stock.
Perpetual preferred stock is special because:
- It doesn't have an end date (it's "perpetual").
- It can be converted into regular shares (Class A common stock) of MicroStrategy.
- It pays dividends in cash.
- The company can buy back these shares under certain conditions.
- This new stock will be ranked higher than the regular stock (Class A common stock) in terms of priority for dividend payments.
- The exact terms are not finalized yet.
The goal of raising this money is to strengthen the company's financial position and to buy more Bitcoin.
Perpetual preferred stock is special because:
- It doesn't have an end date (it's "perpetual").
- It can be converted into regular shares (Class A common stock) of MicroStrategy.
- It pays dividends in cash.
- The company can buy back these shares under certain conditions.
- This new stock will be ranked higher than the regular stock (Class A common stock) in terms of priority for dividend payments.
- The exact terms are not finalized yet.
The goal of raising this money is to strengthen the company's financial position and to buy more Bitcoin.