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Strategy Plans To Raise $250 Million Via Preferred Stock Sales To Fuel Stunning Bitcoin Buying Spree

  • Strategy plans to raise $250 million by selling shares of preferred stock to fund more Bitcoin purchases.
  • The company aims to sell 2.5 million shares of 10% Series A Stride Preferred Stock for general corporate purposes and acquiring Bitcoin.
  • This would be Strategy's third preferred stock issuance this year, following its Strike and Strife offerings, as part of its strategy to accumulate more Bitcoin.
  • Strategy, currently the largest corporate Bitcoin holder, has seen significant stock price growth due to its Bitcoin accumulation strategy, inspiring other companies to consider similar moves.

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