Strategy sells $104.7 million in Bitcoin to support preferred stock
Strategy has sold 1,638 Bitcoin for $104.7 million after redirecting part of the proceeds toward preferred-stock dividends and share repurchases while increasing its U.S. dollar...
Tag : preferred
Strategy leaves preferred STRC dividend at 12% as price still below par
While Strategy’s preferred STRC shares ended July well below their $100 par value, investors were told that their August dividend will not increase, holding at...
Strategy sells MSTR shares, buys back $25M in STRC preferred stock
Strategy, the business intelligence firm that has built the largest corporate Bitcoin treasury, continued adjusting its capital structure last week through a combination of stock...
Tom Lee's BitMine Adds $139 Million in Ethereum Ahead of Preferred Share Trading Start
In brief BitMine added more than $139 million in Ethereum last week as it completed its preferred share offering. Preferred shares of BMNP will begin...
Strategy’s Saylor signals BTC buy as preferred dividend pay date vote looms
Strategy watchers were not disappointed on Sunday as executive chairman Michael Saylor took to social media to signal pending news on changes in the company’s...
Tom Lee's Ethereum Treasury BitMine Prices Preferred Shares With 9.5% Dividend
In brief BitMine raised ~$274 million by selling 3.5 million shares of preferred stock at $80/share, less fees. Proceeds will fund Ethereum acquisitions, staking infrastructure,...
Ethereum News Today: BitMine to Raise $300M in Preferred Stock to Buy ETH
In Ethereum News today, BitMine Immersion Technologies filed with the SEC on Wednesday to launch a Series A Perpetual Preferred Stock offering, 3 million shares...
Tom Lee’s BitMine Plans $300M Preferred Stock Sale for ETH Treasury Push
In brief BitMine is seeking to raise up to $300 million for its ETH treasury strategy. The shares would carry a $100 stated amount and...
Bitmine eyes dividend-paying preferred shares, echoing Strategy’s playbook
Ethereum treasury company Bitmine Immersion Technologies is launching a $300 million perpetual preferred stock offering, borrowing a page from Strategy’s financing playbook. Bitmine told the...
Strategy situation ‘out of hand,’ says Arca exec on $15B preferred stock burden
Strategy is facing renewed scrutiny over its preferred stock financing model as investors question whether dividend obligations could eventually pressure the company to sell some...