MicroStrategy sells preferred shares at a 20% discount, pushing investor returns up to 10%
Bitget2025/02/05 01:26
MicroStrategy sold preferred stock units last week, a type of security similar to debt, with a face interest rate of 8%. These stocks were sold at $80 per share, 20% lower than the market price, effectively pushing the buyer's yield up to 10%, which was a significant concession made to complete the transaction.
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