Microstrategy, formerly known as Strategy, has launched a significant fundraising initiative aimed at bolstering its Bitcoin holdings. The company will offer 2.5 million shares of new preferred stock, called STRD (10% Series A Perpetual Stride Preferred Stock), through an offering expected to raise $250 million. This move signals the company’s strong conviction in Bitcoin, with proceeds earmarked for general corporate purposes including purchasing more Bitcoin and supporting day-to-day operations. 705 BTC was purchased just before this announcement, totaling approximately $75.1 million. The IPO is being managed by leading financial firms like Barclays, Moelis & Company, Morgan Stanley, and TD Securities. This follows a trend of Strategy’s consistent Bitcoin buying activity throughout market cycles.