People familiar with the matter: Strategy intends to raise its financing to $2 billion to buy Bitcoin

According to Foresight News, according to Bloomberg, people familiar with the matter revealed that Strategy increased its latest preferred stock sale from $500 million to $2 billion to buy Bitcoin. According to the person, the company priced Series A Perpetual Stretch preferred shares at $90 per share, with an initial dividend of 9%. Morgan Stanley, Barclays, Moelis & Co. and TD Securities are in the process, which will involve 5 million preferred shares.


The newly issued preferred shares will be rated higher than Strategy’s Strike and Stride preferred shares and their common shares, but lower than Strife preferred shares and their convertible bonds issued in the past, people familiar with the matter said.

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