Strategy Secures $979.7 Million for Bitcoin Acquisitions via Preferred Stock Offering

Strategy has successfully raised over $979.7 million in preferred stock through an offering of its STRD shares at $85 per share, resulting in the issuance of approximately 11.76 million shares. This funding will be used to acquire Bitcoin and ensure working capital for the firm. The company’s initial offer marks a significant investment opportunity for institutional investors looking to participate in the cryptocurrency market.