Controlling More Bitcoin: Strategy Unveils $4.2B BTC-Backed Security

Description

Strategy is raising more money to buy Bitcoin. Based on reports, the company filed with the US Securities and Exchange Commission on July 31 to offer up to $4.2 billion of its new Variable Rate Series A Perpetual Stretch Preferred Stock, or STRC. The move follows a recent IPO that funded another large Bitcoin purchase. STRC Stock Sale Details According to the filing , Strategy (formerly MicroStrategy) can sell STRC shares at market prices through TD Securities, Barclays Capital, The Benchmark Co...