Strategy Seeks $500 Million in Latest Preferred Equity Sale

Michael 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.

The preferred shares are being marketed at $90 to $95 each, according to people familiar with the matter, a discount to their face value of $100 per security.

Michael Saylor speaks during the Bitcoin 2025 conference in Las Vegas, Nevada, on May 29.

Source: Bloomberg

Morgan Stanley, Barclays Plc, Moelis & ...