<ul><li>Strategy, formerly known as MicroStrategy, upsized its stock offering to $1 billion for its Bitcoin investments by selling 11.76 million shares of its 10% Series A Perpetual Stride Preferred Stock (STRD) at $85 per share.</li><li>The company will use the nearly $1 billion in net proceeds for general corporate purposes, including the acquisition of Bitcoin and for working capital.</li><li>Michael Saylor, Strategy's co-founder, mentioned that STRD is a high-yield credit instrument that should provide higher yields compared to other preferred instruments offered by the company.</li><li>With a significant Bitcoin holding of 580,955 BTC purchased at an average price of $70,023 per coin, Strategy aims to purchase an additional 9,518 BTC with the $1 billion funding obtained through the stock offering.</li></ul>

Michael Saylor’s Strategy Takes A Shot At The Moon With Latest $1 Billion Bitcoin-Buying Tactic

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