MicroStrategy Is Finally Offering a Preferred Worth Buying
In This Article:
MicroStrategy coming offering of $250 million of convertible preferred securities is due to carry an attractive yield of 8% and could appeal to retail investors. MicroStrategy, the largest corporate Bitcoin holder, has about $6 billion of convertible debt outstanding and the coming preferred deal to be known by its ticker STRK will be its first preferred offering. Preferreds are a form of equity senior to common stock and junior to corporate debt.
Terms and Privacy Policy