Strategy Plans $2.1B Sale of Its Perpetual Strife Preferred Stock

Strategy (MSTR) will issue and sell shares of its 10.00% Series A Perpetual Strife Preferred Stock for up to $2.1 billion. Strategy plans to sell the shares over a period of time, based on market conditions. Net proceeds will be used for general corporate purposes, which may include the acquisition of bitcoin (BTC) and working capital.

Source: CoinDesk