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Michael Saylor’s Strategy Unveils $21 Billion Stock Issuance For Bitcoin Investment

  • Strategy, formerly known as MicroStrategy, plans to issue up to $21 billion in preferred stock to acquire more Bitcoin.
  • The company successfully raised $563 million in January by issuing preferred shares at a discount.
  • Strategy aims to secure $42 billion through securities offerings to fund Bitcoin purchases.
  • Despite a recent decline in Bitcoin's price, the preferred shares of Strategy outperformed common stock and Bitcoin itself.

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