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Strategy™ has unveiled plans to issue up to $21 billion in 8.00% Series A perpetual strike preferred stock through its ATM Program. The company will sell these shares over time considering market conditions. This stock is convertible into Strategy’s class A common stock offering investors a unique opportunity.
The proceeds from this ambitious offering are earmarked for general corporate purposes. Notably Strategy intends to significantly bolster its bitcoin holdings alongside enhancing working capital. This move signals a strong commitment to integrating cryptocurrency into its core financial strategy.
Sales of the perpetual strike preferred stock are governed by a detailed prospectus supplement. This document was filed with the Securities and Exchange Commission as part of an automatic shelf registration statement now in effect. Strategy’s approach follows all legal protocols ensuring compliance with securities laws ensuring a robust and lawful expansion of their financial operations.
