🪙 Strategy expands the size of the STRD perpetual preferred stock offering to $1 billion to increase its holdings in Bitcoin Yesterday, @circle $CRCL successfully listed on the New York Stock Exchange, becoming the first stablecoin issuer in the world to complete an IPO. The offering price was $31 per share, which attracted a lot of investor attention on the day of listing, and the stock price soared to $83.23 at one point, an increase of 168.5%. This listing is not only a big event for Circle, but also shows that crypto finance is being taken more and more seriously by the traditional market, especially stablecoins, which have great potential in the future. 🔗 To learn more about Circle IPO: And today, @Strategy (formerly MicroStrategy) has a new move. Instead of issuing common stock, they launched $STRD, a Class A perpetual preferred stock with an annualized rate of 10%. The pricing is $85 per share, raising approximately $980 million in total. As before, Strategy said that the money will continue to be used to buy bitcoin. This type of preferred stock is not the same as common stock: it does not guarantee quarterly dividends, it is paid only if the company decides to pay it, and it does not make back the amount that has not been paid in the past. On the other hand, in the event of a major event, such as a tax change or restructuring adjustment, Strategy may also choose to buy back these shares. STRD's liquidation preference is initially set at $100 per share, but is dynamically adjusted daily based on market prices. 🔗 Read the press release: 🔗 Read more :