Strategy Plans to Sell Up to $2.1 Billion in 10% Preferred Stock – Massive Bitcoin Purchase Coming?

Description

Key Takeaways: Strategy plans to raise up to $2.1 billion by selling 10% preferred stock listed as “STRF” on Nasdaq. The move has fueled speculation of another major Bitcoin purchase, though no plans were explicitly confirmed. The stock offers a 10% annual dividend and redemption rights tied to tax events or major company changes. Michael Saylor’s Strategy, known for its aggressive Bitcoin accumulation strategy, has announced plans to raise as much as $2.1 billion through the sale of its 10% Ser...