Billionaire Michael Saylor’s company, Strategy Inc., has announced the pricing of its initial public offering (IPO) of 10% Series A Perpetual Stream Preferred Stock (STRE). The offering successfully raised gross proceeds of €620 million ($715 million).
This upsized Stream Preferred Stock offering is intended to support the company’s ongoing Bitcoin purchases and fuel future growth initiatives.
The post titled “Strategy Raises €620M in Upsized Stream Preferred Stock Offering to Support Bitcoin Purchases and Growth” originally appeared on Cryptonews.
https://cryptonews.com/news/strategy-raises-620m-in-upsized-stream-preferred-stock-offering-to-support-bitcoin-purchases-and-growth/