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Saylor says Strategy could issue between USD $10 billion and $30 billion in "digital credit" despite Bitcoin's slump

FinanceInternationalDiarioBitcoinAI summary
Image: DiarioBitcoin

Michael Saylor said on the third-quarter earnings call that Strategy could raise between USD $10 billion and USD $30 billion through what the company calls "digital credit", meaning perpetual preferred stock, without relying on a Bitcoin rally or issuing more common shares. The figure is a potential capacity, not an announced issuance. As of November 13, Strategy held 850,364 BTC and about USD $13 billion in preferred stock, whose dividends rank ahead of any return to common shareholders.

In 40 seconds

  • Saylor discussed creating between USD $10 billion and USD $30 billion in "digital credit", the label Strategy uses for its perpetual preferred stock.
  • It is not an announced issuance: the figure describes potential capacity that would require filings and corporate decisions.
  • As of November 13, the company held 850,364 BTC and about USD $13 billion across five classes of preferred stock.
Read the full story at DiarioBitcoin

IASummary generated by artificial intelligence from a story by DiarioBitcoin. It may contain errors: the original source prevails.

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