Strategy Inc. Plans $250 Million IPO to Expand Bitcoin Holdings

Strategy Inc. is poised to significantly bolster its Bitcoin holdings through a groundbreaking public offering. The company will issue 2.5 million shares of its new 10% Series A Perpetual Stride Preferred Stock (STRD) at $100 per share, raising approximately $250 million. This move marks a strategic shift in the company’s fundraising strategy for its Bitcoin investments. Proceeds from the offering will be allocated to acquiring further Bitcoin and providing additional working capital.