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.