Strategy has introduced a new class of perpetual preferred shares. The Series A Variable Rate Stretch Preferred Stock (STRC) offers an initial annualized dividend of 9%. Strategy plans to issue five million STRC shares at a face value of $100 each.

Strategy has introduced a new class of perpetual preferred shares. The Series A Variable Rate Stretch Preferred Stock (STRC) offers an initial annualized dividend of 9%. Strategy plans to issue five million STRC shares at a face value of $100 each.

Source: https://cryptoslate.com/strategys-bitcoin-backed-stretch-stock-could-lure-capital-from-7t-traditional-funds/