Strive (ASST), a publicly traded bitcoin BTC$92,308.47 treasury and asset-management company, said it arranged a $500 million at-the-market offering (ATM) for its Variable Rate Series A Perpetual Preferred Stock (SATA) to help fund further purchases of the largest cryptocurrency. SATA pays a 12% dividend with an effective yield near 13%, and the security is intentionally …
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Tag:Preferred
Saylor Says MSTR Will Not Issue Preferred Equity In Japan, Giving Metaplanet A 12 Month Headstart
The question everyone has been waiting for is whether Strategy (MSTR) will list a perpetual preferred equity, or “digital credit,” in Japan.That question was put directly to executive chairman Michael Saylor at the bitcoin MENA conference by Metaplanet CEO Simon Gerovich. Saylor’s answer was, “not in the next twelve months, I will give you a …
Continue reading Saylor Says MSTR Will Not Issue Preferred Equity In Japan, Giving Metaplanet A 12 Month Headstart