Strategy Announces New Stock Offering Program Aiming for $2.1 Billion
Strategy™, trading under Nasdaq symbols MSTR, STRK, and STRF, announced a stock offering program potentially raising up to $2.1 billion. The company will gradually sell shares of its 10% Series A Perpetual Strife Preferred Stock based on market conditions.
The proceeds will fund general business purposes, including working capital and additional Bitcoin acquisitions. This strategy continues Strategy's practice of utilizing capital markets to enhance its Bitcoin reserves.
The preferred stock sales will occur through an "at the market" (ATM) offering, allowing sales directly on public exchanges or through negotiated deals. This follows a shelf registration statement filed with the U.S. Securities and Exchange Commission earlier this year.
Strategy, formerly MicroStrategy, is recognized as the first publicly traded company fully dedicated to Bitcoin as a treasury asset while also providing AI-driven enterprise analytics tools.