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Michael Saylor backs STRC after strategy sells bitcoin to fund preferred dividends

Disclosure: The author of this story owns shares in Strategy (MSTR). Strategy (MSTR) Executive Chairman Michael Saylor appeared to underscore the company’s focus on its perpetual preferred stock, making STRC the focus of his first public comment after the largest publicly traded holder of bitcoin… Read More

Company’s Stretch preferred stock now paying 11.5% dividend

4 months ago by Crypto InsightsCrypto

Leading bitcoin BTC$66,524.15 treasury company Strategy has again raised the dividend on its STRC (“Stretch”) preferred series. Led by Executive Chairman Michael Saylor, the firm lifted the annualized payout by 25 basis points to 11.5%. While STRC to this point has performed as hoped by… Read More

Strive proposes $150 million preferred stock sale to repay debt, buy bitcoin

5 months ago by Crypto InsightsCrypto

The capital raise will support balance sheet restructuring and the company’s bitcoin strategy.