<ul><li>Strategy, formerly MicroStrategy, plans to raise $250 million through an initial public offering of a new class of perpetual preferred stock to fund more Bitcoin purchases.</li><li>The offering consists of 2.5 million shares of its 10% Series A Perpetual Stride Preferred Stock, priced at $100 per share to acquire additional Bitcoin and provide working capital.</li><li>Strategy, known as the world's largest corporate Bitcoin holder with 580,955 Bitcoin on its balance sheet, plans to use the proceeds to buy more Bitcoin, potentially adding another 2,351.8 Bitcoin at current market prices.</li><li>The perpetual preferred stock offering will allow Strategy to diversify its funding sources for Bitcoin acquisitions with STRD holders eligible for 10% annual dividends but subject to certain conditions.</li></ul>

Michael Saylor’s Strategy offers $250M preferred stock to buy more Bitcoin

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