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@ ch0k1
2025-03-10 20:53:34
Strategy Nears $21 Billion Stock Sale as Its Bitcoin Buys Stall - Decrypt
https://decrypt.co/309343/strategy-21-billion-stock-sale-bitcoin
Strategy, formerly known as MicroStrategy, may soon sell $21 billion in preferred stock to buy more Bitcoin, according to a Monday filing.
The firm said in a Securities and Exchange Commission filing that it has now entered into a sales agreement with a dozen financial institutions that will be able to issue its “STRK” offering.
The company held $40 billion worth of Bitcoin when it first introduced STRK in January. At the time, the firm said it was targeting a $2 billion capital raise using preferred stock, which features an 8% cumulative dividend that’s payable in either cash or Class A shares.
originally posted at https://stacker.news/items/909609