Strategy issues shares to acquire Bitcoin
- Issuance of 5 million shares for financing in Bitcoin
- Annual dividends of 10%, with the possibility of accumulation up to 18%
- Adjustable liquidation preference, offering led by large banks
Strategy, known for its innovation in the Bitcoin treasury sector, has announced a new strategic move in the market: the issuance of 5 million shares of Perpetual Strife Series A preferred stock. The purpose of this issuance is to raise funds to expand its Bitcoin acquisitions and meet general corporate needs.
With an attractive annual dividend of 10%, the newly issued shares will guarantee quarterly payments to investors. In the event of a delay in these payments, Strategy will implement a compound dividend system, which can accumulate up to 18% per year. The company guarantees the right to redeem all shares, under certain conditions, such as maintaining less than 25% of the originally issued shares in circulation or in specific tax events.
Additionally, investors facing a fundamental change in the company, such as a significant restructuring, may require a buyback of their shares. The buyback price will include all accrued and unpaid dividends up to the time of the transaction.
The initial liquidation preference per share is set at $100, subject to daily adjustments based on market fluctuations. This adjustment will be based on trading prices and recent transactions. Renowned institutions such as Morgan Stanley, Barclays, Citigroup and Moelis Company will be leading the offering, which will be registered with the SEC.
Strategy reinforces that this announcement does not represent an offer to sell securities. Interested investors should consult the prospectus available on the SEC website or contact the underwriters directly for more information.
At the time of publication, the price of BTC was quoted at US$81.595,79 with a drop of 3,5% in the last 24 hours.
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.
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