Strive proposes $150 million preferred stock sale to repay debt, buy bitcoin
The capital raise will support balance sheet restructuring and the company's bitcoin strategy.
The capital raise will support balance sheet restructuring and the company's bitcoin strategy.
The company now holds 709,715 bitcoin, acquired for nearly $54 billion.
ETF allocations to Stretch, Strife, and Stride underscore institutional appetite for MSTR income securities.
Risk assets slide amid tariff uncertainty and rising global bond yields.
Range-bound price action continues within a familiar cycle pattern.
Bitcoin mining difficulty set for a 4% decline, the seventh negative adjustment in the past eight.
The perpetual preferred equity, SATA, moved above $100, giving Strive access to at-the-market issuance.
The so-called Fish-to-Shark cohort added 110,000 BTC over the past 30 days, according to Glassnode.
The company sold nearly $100 million of bitcoin to fund the purchase of its 200-acre Rockdale site and signed a...
Shares climb more than 5% in pre-market trading as the company reinforces long term Bitcoin strategy.
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© 2018 JNews by Jegtheme.