Strategy sells Bitcoin for 1st time in 4 years
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MicroStrategy Sells $2.5 Billion of Preferred Stock. What to Know About the Complicated Bitcoin Play.
MicroStrategy has priced nearly $2.5 billion of variable-rate preferred stock with an initial dividend yield of 10% and the proceeds likely will be earmarked for additional purchases of Bitcoin. The company, the largest corporate holder of the ...
The 8-K filing by Strategy Monday disclosed sales for the period May 26 to May 31, but the disclosure was issued on June 1. Polymarket's May 31 contract is sitting at 81% Yes and in review, while bettors argue over whether the onchain transactions or the filing date controls.
Michal Saylor’s software firm has acquired the world’s largest bitcoin stack at an overall loss, but remains convicted about its investment.
The bitcoin rally has also lifted shares of crypto-friendly stocks Genius Group, GameStop, Robinhood and Coinbase Shares of MicroStrategy Inc. rallied toward an eight-month high on Monday after the software and bitcoin-treasury company disclosed that it ...