Michael Saylor Boosts Yield, Says Strategy Is at an ‘Inflection Point’
Michael Saylor is raising the stakes for almost everyone that is touched by his multibillion dollar bet on Bitcoin.
The head of the digital asset treasury firm Strategy Inc. is boosting the yield on the preferred shares that he’s designated as the company’s primary source of funding going forward to help shore up faltering demand and keep the gambit going.
Saylor's strategy has returned to profitability in the third quarter, marking a significant turnaround for his Bitcoin-focused approach. This development comes at what he describes as an 'inflection point' for the company's financial trajectory.
The increased yield on preferred shares is designed to attract more investors and maintain momentum for Strategy's Bitcoin accumulation strategy, which has been a cornerstone of the company's operations.
This move underscores Saylor's continued confidence in Bitcoin as a long-term store of value and strategic asset for corporate treasuries.
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