MicroStrategy, now known as Strategy, is launching a $979.7 million offering to finance its acquisition of Bitcoin. This move aligns with the company’s long-held commitment and leadership of Michael Saylor, Executive Chairman, who believes in increasing Bitcoin holdings. The proceeds will be used primarily for purchasing BTC and working capital. 11.76 million shares of Series A Perpetual Stride Preferred Stock are being offered at $85 per share, aiming to boost the company’s position as a leading corporate holder of Bitcoin. This offering is expected to impact the Bitcoin market by influencing liquidity and perception. Strategy’s history of similar stock and convertible note raises has bolstered institutional confidence in Bitcoin. The non-cumulative 10% annual dividend offered by preferred shares adds to the appeal, especially for high-yield investors seeking higher returns. The Securities Act of 1933 ensures compliance with financial regulations.