Strategy Raises $979M via Stock Offering to Acquire More Bitcoin

Software giant Strategy, formerly known as MicroStrategy, has announced a significant stock offering aiming to raise $979 million. This investment will be directed towards acquiring additional Bitcoin (BTC) and bolstering their treasury reserves. Led by Michael Saylor, the company’s Executive Chairman, this move signifies their strong commitment to integrating cryptocurrency into their business strategy. This latest financing aligns with Strategy’s previous capital raises focused on increasing BTC holdings and underscores their dedication to establishing Bitcoin as a core part of their financial framework.