Strategy Plans $250M Stock Sale to Invest in Bitcoin

Bitcoin giant Strategy is raising capital through a preferred stock offering, with proceeds earmarked for significant investments in bitcoin. The company intends to sell 2.5 million shares of its 10% Series A Stride Preferred Stock (STRD), aiming to raise up to $250 million. This offering will list on the Nasdaq and provide investors with a 10% annual dividend yield, while Strategy plans to utilize the funds for acquiring more bitcoin and general business operations.