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Strategy To Sell Up To $21 Billion In Preferred Stock To Turbocharge Its Bitcoin Accumulation Bet

  • MicroStrategy, now called Strategy, plans to raise up to $21 billion by selling perpetual strike preferred stock to buy more Bitcoin.
  • The company has filed with the SEC to sell shares of its 8% series A perpetual strike preferred stock.
  • The proceeds from the sale will be used for general corporate purposes and to acquire more Bitcoin.
  • The new stock sale is part of the company's strategy to expand its Bitcoin treasury position.

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