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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Crypto:
Michael Saylor
It’s taken less than two weeks for a rare euro-denominated preferred stock offering by Michael Saylor’s Bitcoin treasury company to fall below its already-discounted offer price.
Strategy Inc. sold €775 million ($898 million) preferred shares at 80 cents on the euro earlier this month. Now, with Bitcoin prices in freefall, the few traders offering prices on the stock are willing to sell at about 78 cents and buy a couple of cents lower, according to two people familiar with the matter, who asked not to be named as the prices were shared privately.