Strategy Seeks $500 Million in Latest Preferred Equity Sale
Michael Saylor speaks during the Bitcoin 2025 conference in Las Vegas, Nevada, on May 29.
Photographer: Ronda Churchill/BloombergMichael Saylor’s Strategy is seeking to raise at least $500 million from its latest sale of preferred equity, offering a variable-rate security to fund more Bitcoin purchases.
Bitcoin’s biggest corporate owner, which is known formally as MicroStrategy Inc., is marketing 5 million shares of Series A Perpetual Stretch preferred shares with an initial dividend rate of 9%, according to a statement Monday.