Strategy announced the issuance of preferred stock, raising up to $4.2 billion for Bitcoin allocation.

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On July 7, according to official news, Strategy (NASDAQ: MSTR, STRK, STRF, STRD) announced today that it has signed a sales agreement to issue 10.00% Series A perpetual preferred stock with a par value of $0.001 per share (referred to as "STRD stock"), raising up to $4.2 billion through a market issuance (ATM) plan.

Strategy indicates that the company plans to execute this ATM issuance over a longer period based on the market trading price and trading volume of the STRD stock. The funds raised are intended for general corporate purposes, including Bitcoin asset allocation, working capital replenishment, and paying dividends to other preferred shareholders (involving 10.00% Series A perpetual preferred stock and 8.00% Series A perpetual preferred stock).

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LayerZeroHerovip
· 07-08 13:36
It turns out that hardcore Coin Hoarding is the way to go. The data speaks!
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RektButAlivevip
· 07-07 13:06
Again being Played for Suckers, slipping away, slipping away.
View OriginalReply0
NFTRegretDiaryvip
· 07-07 12:57
Another one who copied homework has arrived.
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GasFeeNightmarevip
· 07-07 12:50
Too able to play people for suckers, right?
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