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Strategy Partners Barclays and TD Securities to Raise $2.1B for Additional Bitcoin Purchases

  • Strategy (formerly MicroStrategy) plans to raise an additional $2.1 billion to increase its Bitcoin holdings.
  • The company entered into a sales agreement with Barclays Capital, The Benchmark Company, and TD Securities to sell shares of its 10% Series A Perpetual Strife Preferred Stock (STRF).
  • Proceeds from the offering will be used for general corporate purposes, including acquiring more Bitcoins.
  • Strategy aims to raise $42 billion in total to fund further Bitcoin purchases, amidst Bitcoin reaching a new all-time high of $111,861.

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