Michael Saylor Amps Up Bitcoin War Chest With $2.8 Billion Deal
Co-founder and Executive Chairman of Strategy Michael Saylor
Photographer: Ronda Churchill/BloombergMichael Saylor’s one-of-a-kind capital markets machine just got bigger.
As crypto prices continue to boom, Saylor’s Bitcoin holding company, Strategy, launched a new kind of preferred stock, and then promptly increased the deal from $500 million to $2.8 billion, according to a person familiar with the transaction who asked not to be identified.