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Benzinga
Benzinga
Business
Aniket Verma

Michael Saylor's Strategy Is Amping Up Its Preferred Stock Offering From $500 Million To $2 Billion For Buying Bitcoin: Report

Strategy

Michael Saylor's Bitcoin (CRYPTO: BTC) holding company, Strategy Inc. (NASDAQ:MSTR), increased the size of its latest preferred equity issuance to $2 billion from $500 million, according to a Thursday report.

What Happened: Strategy boosted its Series A Perpetual Stretch Preferred Stock offering, announced earlier this week, Bloomberg reported, citing sources familiar with the matter. The company previously disclosed a plan to issue 5 million shares.

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