Strategy Launches $2.1B Preferred Stock Offering, Impacting Bitcoin Market Dynamics

Strategy Inc., formerly known as MicroStrategy Inc., is launching a $2.1 billion stock offering. This move signifies the company’s continued commitment to Bitcoin investments and their potential influence on the cryptocurrency market. The funds will likely support Strategy’s expansion of its existing Bitcoin treasury, according to SEC filing details. 10.00% Series A Perpetual Strife Preferred Stock issuance is set to raise $2.1 billion for the company.