Strategy to Issue 500,000 Series A Preferred Shares to Boost Bitcoin Purchases and Corporate Growth
Main Idea
The company plans to issue 500,000 variable-rate Series A perpetual preferred shares to boost Bitcoin holdings and support general corporate purposes and working capital requirements.
Key Points
1. 500,000 variable-rate Series A perpetual preferred shares (STRC stock) will be issued.
2. This is the company’s initial offering of these preferred shares.
3. Funds will be allocated towards general corporate purposes, prominently Bitcoin holdings.
4. Funds will also support working capital requirements to ensure operational flexibility.
Description
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$BTC
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