Milestone Achievement for Key Financial Instrument
A tech company's perpetual preferred shares recently crossed the critical $100 par value threshold, marking a significant development in its bitcoin accumulation strategy. This milestone enables enhanced financing capabilities to support ongoing digital asset acquisitions.
The instrument currently offers a 12% dividend yield with an actual annualized return of 12.2%. Notably, the company's balance sheet already holds over 12,797 bitcoin, with common shares trading at $0.94.
Innovative Financing Driving Digital Asset Allocation
The innovative capital structure design allows continuous financing when market prices exceed par value. Through the at-the-market (ATM) issuance mechanism, new proceeds can be directly deployed into digital assets, creating a self-reinforcing cycle.
Market data shows exceptional performance in similar structured products recently, with weekly trading volumes exceeding $755 million, including $582 million transacted above par value - setting new records for the category.
- 12% stable dividend yield
- 12,797 bitcoin holdings
- Common shares at $0.94
- ATM financing mechanism