MicroStrategy sells preferred shares at a 20% discount, pushing investor returns up to 10%
MicroStrategy sold preferred stock units last week, a type of security similar to debt, with a face interest rate of 8%. These stocks were sold at $80 per share, 20% lower than the market price, effectively pushing the buyer's yield up to 10%, which was a significant concession made to complete the transaction.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The HyperLiquid team has unstaked 2.6 million HYPE tokens, of which 609,000 were sent to an OTC platform.
Publicly listed company Prenetics increases its total bitcoin holdings to 504.
BTC holdings of the Australian Monochrome spot Bitcoin ETF have risen to 1,158.
Trending news
MoreCrypto prices
More
