Strategy Raises $711M to Fuel Bitcoin Accumulation Amidst Market Volatility

Strategy, led by Executive Chairman Michael Saylor, has raised $711.2 million through a significant upsized sale of its 10% Series A Perpetual Strife Preferred Stock. This funding boost will bolster their Bitcoin holdings, exceeding the initial target by $211.2 million. The capital raise aims to solidify Strategy’s position as a leading force in the Bitcoin market and impact stock market volatility. However, concerns have been raised regarding potential leverage risks among investors as they grapple with the company’s aggressive Bitcoin purchasing strategy.