Unconfirmed reports that Strategy is oversubscribed from their initial $STRC offering and will be increasing from $500 million to $2 billion.
The STRC is too attractive to investors
And subscription was more than they expected
Not surprised about that. Even I am caught
That was actually the news:
Strategy increased the size of its latest sale of preferred equity to $2 billion from $500 million, according to a person familiar with the matter.
The company is set to price the Series A Perpetual Stretch preferred shares at $90 each, with an initial dividend of 9%, according to the person.
Strategy intends to use the net proceeds for purposes including acquiring Bitcoin, according to the text.
STRC is a too good deal to pass on: very low volatility (supposedly).
9% dividend yield.
Better than Italian stock market!