Michael Saylor’s Strategy upsizes ‘stretch’ preferred stock sale to $2.8 billion

Michael Saylor’s Strategy launched and upsized a new preferred stock offering from $500M to $2. 8 billion. The ‘Stretch’ security promises a hefty 9% annual payout with no end date and a flexible, adjustable dividend. The deal is the latest in Saylor’s years-long effort to transform Strategy into a financial vehicle to acquire Bitcoin source: https://coinjournal.net/news/michael-saylors-strategy-upsizes-stretch-preferred-stock-sale-to-2-8-billion/