Strategy Inc. MSTR on Thursday announced the launch of a $2.1 billion at-the-market (ATM) offering for its preferred stock Strife STRF, expanding its capital structure and continuing its focus on Bitcoin BTC/USD-linked securities.

What Happened: The announcement was made during a company webcast by CEO Fong Lee and Executive Chairman Michael Saylor.

According to Lee, the program follows strong performance from the company’s fixed income instruments.

“We see the liquidity in the market and we see the demand in the market for our instrument. We have confidence that a $2.1 billion ATM is something that we can also execute upon going forward,” he said.

Strife, which carries a 10% coupon and is…

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