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Strategy announced a $4.2 billion STRD preferred stock issuance plan.
Golden Finance reports that Strategy announced on July 7 the signing of a sales agreement to issue Series A perpetual Stride preferred stock (STRD Stock) with a total value of up to $4.2 billion at a rate of 10.00%. The company plans to orderly sell these stocks over a longer period based on market trading prices and volume. Strategy indicates that the funds obtained will mainly be used for the acquisition of Bitcoin, operating capital, and paying dividends to existing preferred shareholders. The company has adopted Bitcoin as its primary reserve asset while continuing to provide AI-driven enterprise analytics software services.