Strategy Plans to Raise $4.2 Billion Through Preferred Stock Offering
Strategy (MSTR), the largest corporate holder of bitcoin, plans to raise up to $4.2 billion by issuing a new series of preferred stock, as detailed in a recent SEC filing.
- This announcement follows the company’s recent sale of nearly $2.5 billion worth of STRC, which debuted on Nasdaq.
- The new shares will provide a 9% variable dividend, adjustable for market price stability.
- Strategy reported a second-quarter net income of $10 billion, attributed to bitcoin price increases during that period.