Strategy, formerly MicroStrategy, launched Perpetual Stretch Preferred Stock (STRC), raising $2.5 billion with a $4.2 billion ATM program offering high-yield dividends backed by bitcoin. STRC pays monthly dividends of 9% and is overcollateralized with bitcoin at a 5-to-1 ratio. The IPO raised $2.5 billion, with an initial dividend of $0.80 per share. Michael Saylor sees STRC as a game-changer in corporate finance, offering stability, yield, and accessibility. The new ATM program allows for flexible capital needs, supporting dividends and BTC acquisitions. STRC is designed for mass adoption, aiming to trade near par and provide consistent returns.

Read more at Yahoo Finance: Why Michael Saylor Calls Strategy’s STRC Preferred Stock His Firm’s ‘iPhone Moment’