Strategy plans to issue 2.1 billion USD perpetual preferred stock to advance its Bitcoin strategy.

Gate News bot message, according to the supplementary document of the prospectus submitted to the regulatory authority by Strategy (formerly MicroStrategy), the company is planning to raise a total of $2.1 billion through “At The Market” (ATM) issuance of 10.00% Series A Perpetual Preferred Stock (code: STRF).

This issuance is part of the plan to increase the existing 850,000 perpetual preferred shares. Strategy will raise funds through equity and debt financing to continue advancing its Bitcoin strategy.

Source: Wu Says