Editor's PiCK
Strategy Expands Perpetual Preferred Stock Issuance to 1 Trillion Won Scale… "To Be Used for Additional Bitcoin Purchases"
Minseung Kang
Summary
- Strategy announced that it has expanded the issuance scale of Series A perpetual stripe preferred stock to 1 trillion won for additional Bitcoin purchases.
- Founder Michael Saylor reported that the public offering price of stripe perpetual preferred stock has been finalized and the issuance scale has been increased.
- It was explained that the net proceeds from the issued preferred stock will be used for additional Bitcoin purchases and general corporate purposes, including working capital.
Strategy has expanded the issuance scale of Series A perpetual stripe preferred stock for additional Bitcoin (BTC) purchases from 500 million dollars to 722.5 million dollars (approximately 1 trillion won).
On the 18th (local time), Michael Saylor, founder of Strategy, announced on X (formerly Twitter), "Strategy has finalized the public offering price of stripe perpetual preferred stock and increased the offering scale from the initial 500 million dollars to 722.5 million dollars."
Strategy explained, "The company plans to use the net proceeds from this offering for additional Bitcoin purchases and general corporate purposes, including working capital."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
