Company Strategy MSTR, led by Mike Saylor, has announced significant changes in its fundraising strategy, attributed to increased interest in its preferred shares.
Shift in Capital Raising Strategy
Strategy has noticed a shift towards its preferred stock offerings, as interest for purchasing them has risen. Last week, the company raised a record amount by selling 4,225 BTC for $141 million through its preferred stock offerings.
Using Preferred Shares to Reduce Dilution
For the past two weeks, Strategy did not issue new MSTR shares in its ATM program. This decision has helped the company mitigate the dilution of its common stock and strengthen its share price, which reached a yearly high of $442.13.
Popularity of Preferred Shares Among Investors
Strategy's preferred shares continue to attract investor interest due to the potential for dividend payouts. STRF shares are the least risky and traded at $117, while STRK offered an 8% yield and peaked at $125.75.
Strategy MSTR showcases a successful transition to offering preferred shares for fundraising and improving its financial standing, reflecting high investor interest.
