For the first time since launching its high-yield securities in July, Michael Saylor’s Strategy Inc. funded its latest $1 billion weekly Bitcoin purchase entirely through the sale of its “Stretch” perpetual preferred shares.
The tokens were acquired in the seven days ended April 12, the largest corporate holder of Bitcoin said in an US Securities and Exchange Commission filing on Monday.
Saylor, who started the Bitcoin treasury strategy in 2020, debuted the variable rate preferred issue last year in a $2.5 billion offering as the company co-founder and chairman sought to diversify funding sources. Strategy has raised tens of ...
