MicroStrategy sells preferred shares at a 20% discount, pushing investor yields up to 10%
ChainCatcher news, MicroStrategy sold preferred stock units last week, which are a type of debt-like security with a coupon rate of 8%. These shares were sold at a price of $80 per share, which is 20% lower than the market price, effectively pushing the buyer's yield up to 10%, a significant concession to complete the transaction.
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