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Strategy to offer $21 billion in preferred stock to expand Bitcoin holdings

Strategy to offer $21 billion in preferred stock to expand Bitcoin holdings
Nasdaq-listed company Strategy has filed with the SEC to sell up to $21 billion in Series A Perpetual Strike Preferred Stock to fund general corporate purposes, including Bitcoin acquisitions. The offering will be managed by financial institutions and conducted over time. The preferred shares will carry an 8.00% annual dividend and can be converted into Class A common stock. This move is part of Strategy's "21/21 Plan" to raise $42 billion over three years and further solidify its position as the world's largest Bitcoin Treasury Company. The company currently holds 499,096 BTC worth $41.5 billion.

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