Strategy Drops $1.18 Billion on Bitcoin Using Preferred Stock Instead of Convertibles
Strategy just dropped $1.18 billion on bitcoin through preferred stock, and the dividend bill tells you everything about what happens when a crypto treasury strategy grows up. The Signal Strategy raised $1.18 billion through preferred shares to buy roughly 16,800 BTC, marking a meaningful pivot in how Michael Saylor's bitcoin accumulation machine funds itself. The company has been the poster child for the "
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