Strategy to Sell Up to $2.1 Billion in Perpetual Preferred Stock to Support Bitcoin Purchases and Corporate Needs
Strategy (MSTR) plans to offer shares of its 10.00% Series A Perpetual Strife Preferred Stock, targeting a total raise of $2.1 billion.
The company intends to conduct the sale over time, depending on favorable market conditions.
Proceeds from the offering will be directed toward general corporate purposes, including acquiring additional bitcoin and providing working capital.
