Strategy Launches $2.1B Stock Sale Plan to Fund Bitcoin Buys

Strategy™, trading under Nasdaq symbols MSTR, STRK, and STRF, has announced a new stock offering program that could bring in up to $2.1 billion . The company plans to sell shares of its 10% Series A Perpetual Strife Preferred Stock gradually, depending on market conditions. The proceeds will be used for general business purposes , including working capital and further Bitcoin acquisitions . This move aligns with Strategy’s long-standing approach of leveraging capital markets to strengthen its Bitcoin reserves. Sales of this preferred stock will happen through an “at the market” (ATM) offering. That means shares can be sold directly on public exchanges or via other methods like negotiated deals. The offering follows a shelf registration statement filed earlier this year with the U.S. Securities and Exchange Commission. Strategy, formerly known as MicroStrategy, positions itself as the first publicly traded company fully committed to Bitcoin as a treasury asset. Alongside its crypto strategy, it also offers AI-driven enterprise analytics tools, combining data intelligence with its digital asset vision.

Source: Coinpaprika