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.