Saylor’s Strategy Announces Preferred Stock IPO to Fuel BTC Acquisitions

TL;DR Strategy, led by Michael Saylor, has announced an initial public offering of 5 million shares of its “Series A Perpetual Stretch Preferred Stock” to raise fresh capital for expanding its Bitcoin reserves. This innovative stock pays a flexible dividend aimed at maintaining its price near 100 dollars per share. The mechanism works like a. . . source: https://crypto-economy.com/saylors-strategy-announces-preferred-stock-ipo-to-fuel-btc-acquisitions/