Back to news
Adoption
Strategy Plans to Reissue STRC Preferred Stock at $100 to Fund Bitcoin Purchases
(2 hours ago) · 1 source · Summarized by CryptoBipto
Strategy, formerly known as MicroStrategy, is reportedly planning to reissue its STRC preferred stock at $100 per share. The move could convert what has been a cash-draining obligation into a new source of capital for purchasing additional Bitcoin.
WHY IT MATTERS
Think of preferred stock like a special membership at a club.
Read the full analysis with a CryptoBipto membership
Members read why every story matters and the full analysis behind it.
SOURCES
- cryptoslate.com
RELATED
BTCCorporate Bitcoin StrategyPreferred StockMicroStrategyInstitutional Adoption
Learn the concepts behind this
Clear explanations of the subjects this article touches, with every term defined.
