Michael Saylor's Strategy firm raises its equity offering to $2 billion amid strong investor demand to acquire more Bitcoin, pricing shares at $90 each.
Strategy, led by Michael Saylor, has escalated its preferred equity sale from $500 million to $2 billion to fund additional Bitcoin purchases. The Series A Perpetual Stretch preferred shares will be priced at $90 each, below their face value, with a 9% initial dividend. The company currently holds 607,770 Bitcoin, valued at around $72 billion, making it the largest corporate Bitcoin holder.