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BTC $78,510.53 -0.90%
ETH $2,485.60 -0.36%
BNB $751.03 +1.51%
XRP $1.41 +1.09%
SOL $103.10 -0.97%
TRX $0.3378 +1.03%
DOGE $0.0897 -0.99%
ADA $0.2211 +0.14%
BCH $256.47 -1.72%
LINK $12.53 -1.97%
HYPE $84.26 -1.22%
AAVE $129.21 -2.45%
SUI $0.8111 -2.33%
XLM $0.1884 -2.14%
ZEC $1,156.91 +0.15%

MicroStrategy sells preferred shares at a 20% discount, pushing investor yields up to 10%

2025-02-05 08:56:12

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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