Business Intelligence Firm -Nag -Turn -bitcoin Treasury Company Strategy has reportedly increased the preferred stock offering to $ 2 billion, from the previously planned $ 500 million, while continuing to raise capital to fund additional Bitcoin purchases.
The Series A Perpetual Stretch Preferred Sharing is to be priced at $ 90 Each East Time on Thursday and bring an initial dividend of 9%, Bloomberg reportedciting an unidentified source.
This update will come only days after Bloomberg first revealed The preferred equity sale, which is expected to be exchanged between $ 90 and $ 95 per part. Number Cointelegraph reportedThe offer includes 5 million preferred shares.
The deal has been anderwritten by many major institutions, including Morgan Stanley, Barclays, TD Securities and Moelis & Co.
The usual stock of the approach, the trading under the Ticker MSTR, remained unchanged on Thursday, trading around $ 413.
The stock rallied 37% year-to-date and over 146% in the last 12 months, pushing the company market cap to around $ 116 billion.
MSTR is significantly —outperformed both the S&P 500 index and its information technology sector, each of which gained nearly 17% in the last year, according to Fidelity research.
No wonder the price sharing price moved in conjunction with Bitcoin (Btc), which has set multiple record highs since 2024. The rally has been fueled by surging interest in the institution through funds exchanged by funds (ETF), growing regulation approval and increasing demand by corporate treasury.
Related: The approach adds $ 740m of Bitcoin as the price has passed $ 122k
Bitcoin treasury techniques take on stage
The approach remains the largest holder of the Bitcoin corporation through a wide margin, with its success that motivates other companies to adopt BTC as part of their ark approach.
According to industrial data, the top 100 publicly exchanged public companies of Bitcoin Treasury collectively holds 917,599 BTC. In total, all public companies combined their own 918,108 BTC, with a approach that one -sized 66% of the total.
The latest company that has made a significant transition to Bitcoin is the volume solutions, a Japanese artificial intelligence firm listed at the Tokyo Stock Exchange. The company has announced plans to Get 3,000 BTC next yeardescribing the property as a “lasting, strategic reserve instrument.”
Bitcoin miners are also there increased their reserve activity This year, with Mara Holdings today ranked as the second largest Bitcoin holder of 50,000 BTC. Other miners, including riot platforms, cleanspark and hut 8, also feature top 11 corporate treasury.
Related: Despite the high record, the S&P 500 is in the terms of Bitcoin
