Strategy Doubles Down on Bitcoin with Bold STRC Preferred Stock Launch—Is This the Ultimate Power Move Investors Can’t Ignore?
With the new acquisition, Strategy now holds 607,770 BTC, purchased for roughly $43.61 billion in total. The average price of $71,756 implies paper gains of more than $28 billion as of July 21.
The new STRC stock features a $100 stated value and will pay a 9.00% initial monthly dividend, with the option for Strategy to adjust the rate under specific limits tied to market rates.
Dividends are paid in cash, and if any payments are missed, they’ll earn interest each month. The company also has the option to buy back the shares under specific conditions, such as if the stock price drops below a set level or if certain tax or listing rules are triggered.
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