Strategy plans to raise $4.2 billion through perpetual preferred shares
Son Min
Summary
- Strategy announced its plan to raise $4.2 billion through perpetual preferred shares issued last month.
- Strategy also reported plans to issue 2.5 million new perpetual preferred shares (STRD).
- The funds raised are set to be used for acquiring Bitcoin.
Strategy announced that it plans to raise $4.2 billion through perpetual preferred shares issued last month.
On the 7th (local time), Strategy stated on its official website, "We plan to raise $4.2 billion through newly issued perpetual preferred shares (STRD) from last month."
Previously, Strategy revealed its plan to issue 2.5 million STRD shares and use the raised funds to acquire Bitcoin.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
