Strategy Announces $2.1 Billion Sale of Its Preferred Stock
Finance/Markets

Strategy Announces $2.1 Billion Sale of Its Preferred Stock

Proceeds from the sale are earmarked for corporate initiatives including acquisitions of bitcoin and operational funding.

What to Know:

  • Shares will be sold gradually through “at-the-market” offerings as per SEC Rule 415(a)(4), allowing for negotiated or block trades.
  • The generated funds are intended for corporate purposes, including potential bitcoin acquisitions and funding operations.

Strategy (MSTR) will sell its 10.00% Series A Perpetual Strife Preferred Stock for a total of up to $2.1 billion. The shares will be issued based on prevailing market conditions.

Net proceeds will support general corporate expenses, potentially including bitcoin acquisitions.

Strategy Preferred Stock

This article includes contributions from a generative AI tool that was verified by a human editor for accuracy.

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