Strategy (Mstr), the largest business owner of Bitcoin, plans to raise as much as $ 4.2 billion through the sale of a recently issued preferred share series, according to a Thursday archived for the US Securities and Exchange Commission.
The offer comes only a few days after the company sold almost $ 2.5 billion value of Strc or “Stretch” to investors, and the share debuted trading on Nasdaq Global Select Market. The shares pay a 9% variable yield that is adjusted at the company’s estimates to maintain market price stability.
The filing also coincided with the company reporting net income from the second quarter of $ 10 billion driven by Bitcoin’s price gains over the quarter.
Read more: Strategy earned $ 10B in 2nd quarter on the back of the Bitcoin price increase
