<ul><li>Strategy, formerly known as MicroStrategy, plans to raise $2.1 billion through the issuance of 10.00% Series A perpetual preferred stock called Perpetual Strife Preferred Stock (STRF) to fund its Bitcoin plans.</li><li>The company currently holds 576,230 BTC, which is 2.9% of the total Bitcoin supply, and aims to use the funds raised for general corporate needs and to purchase more Bitcoin.</li><li>The preferred stock offers a 10% annual yield and does not dilute the voting power of common shareholders, showcasing the company's commitment to Bitcoin despite the associated risks.</li><li>To facilitate the sale of STRF shares, Strategy has partnered with financial firms like Barclays Capital, The Benchmark Company, and TD Securities, with the stock trading at $100.65 on the Nasdaq exchange.</li></ul>

Strategy to Raise $2.1B to Fund Bitcoin Plans with Preferred Stock

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