Strategy has launched a capital-raising initiative to expand its Bitcoin reserves, potentially surpassing 600,000 BTC.
The plan involves offering shares of its Series A Perpetual Preferred Stock, aiming to generate up to $4.2 billion for Bitcoin acquisitions.
Proceeds from the stock offering will support corporate operations, working capital, Bitcoin purchases, and dividend payments.
Despite pausing weekly BTC purchases, the company holds 597,325 BTC with unrealized gains of $14 billion, purchased at an average price of $70,982 per coin.