BitcoinNews on Nostr: JUST IN: MicroStrategy announces they want to raise up to $2 billion through a new ...
JUST IN: MicroStrategy announces they want to raise up to $2 billion through a new type of stock called perpetual preferred stock.
Perpetual preferred stock is special because:
- It doesn't have an end date (it's "perpetual").
- It can be converted into regular shares (Class A common stock) of MicroStrategy.
- It pays dividends in cash.
- The company can buy back these shares under certain conditions.
- This new stock will be ranked higher than the regular stock (Class A common stock) in terms of priority for dividend payments.
- The exact terms are not finalized yet.
The goal of raising this money is to strengthen the company's financial position and to buy more Bitcoin.
Published at
2025-01-03 22:20:43Event JSON
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"content": "JUST IN: MicroStrategy announces they want to raise up to $2 billion through a new type of stock called perpetual preferred stock.\n\nPerpetual preferred stock is special because:\n\n- It doesn't have an end date (it's \"perpetual\").\n\n- It can be converted into regular shares (Class A common stock) of MicroStrategy.\n\n- It pays dividends in cash.\n\n- The company can buy back these shares under certain conditions.\n\n- This new stock will be ranked higher than the regular stock (Class A common stock) in terms of priority for dividend payments.\n\n- The exact terms are not finalized yet.\n\nThe goal of raising this money is to strengthen the company's financial position and to buy more Bitcoin.\n\n https://m.primal.net/NQsa.png ",
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