Bitcoin (BTC) Treasury's corporate strategy says it is ready to accumulate more crypto kings after priced new preferred stock prices.
It's new thread On social media platform X, strategy founder BTC Maxi Michael Saylor announced the price of the contested permanent preferred stock (STRF), raising the contract from $500 million to $722.5 million.
The company says it plans to use the revenue from its offering to buy more Crypto assets by market capitalization, according to the company's recent press release.
“The Strategy today announced the price of 8,500,000 shares on the 10.00% Series A Perpetual Strife Preferred Stock on March 20, 2025.
The company plans to use net revenue from its offerings for general corporate purposes, such as acquisitions of Bitcoin and working capital. ”
The company states that the stock offering will “accumulate cumulative dividends at a fixed rate of 10.00% per year at a fixed rate of $100 per share.” Preferred stock offers a fixed dividend that is very similar to bonds, but represents the ownership of the company.
Strategy – formerly known as MicroStrategy – now on hold According to data from Bitcoin Treasuries, 499,226 BTC is worth approximately $41.9 billion.
In February, the strategy announced it was raising $2 billion through personal provisions of debt securities that can be converted to a 0% convertible senior note, namely, a given amount of debt securities.
The flagship digital assets traded at $83,947 at the time of writing, a slight increase over the past 24 hours.
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