Reported 1 day ago
Michael Saylor's investment company, Strategy, has significantly expanded its operations by raising $2.8 billion through a new preferred stock called Stretch, which offers a 9% annual payout. This move marks a continued effort by Saylor to transform the former software company, MicroStrategy, into a powerhouse focused on acquiring Bitcoin, bringing the total holdings to around 600,000 coins. Despite some signs of diminishing returns, the demand for the new shares highlights Saylor's influence in the cryptocurrency market.
Source: YAHOO