EddieJayonCrypto

 10 Mar 25

tl;dr

Strategy, formerly known as MicroStrategy, may sell $21 billion in preferred stock to buy more Bitcoin, according to a filing with the Securities and Exchange Commission. The company has entered into a sales agreement with financial institutions for its "STRK" offering. It holds $40 billion worth of...

Strategy, formerly MicroStrategy, is considering selling $21 billion in preferred stock to buy more Bitcoin, as revealed in a filing with the Securities and Exchange Commission. The company has a sales agreement with financial institutions for its "STRK" offering and currently holds $40 billion worth of Bitcoin. Initially targeting a $2 billion capital raise using preferred stock, the filing notes that the sale timing is uncertain.

Additionally, Strategy announced no new Bitcoin purchases for the second consecutive week, leading to a 12% drop in the firm's shares to $251. This coincides with the announcement of the $21 billion preferred stock sale. The company previously disclosed its intentions to raise $42 billion over three years to acquire more Bitcoin. Last week, Strategy's co-founder and Executive Chairman Michael Saylor attended the White House crypto summit.


Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 13 Mar 25
 13 Mar 25
 13 Mar 25