Strategy Launches New Stock Offering to Boost Bitcoin Investments

According to Cointelegraph, Strategy, recognized as the largest corporate holder of Bitcoin globally, has unveiled plans for a new stock offering aimed at raising additional funds for cryptocurrency investments. The company, led by Michael Saylor, announced its intention to initiate an initial public offering of 5 million shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). The proceeds from this offering are earmarked for general corporate purposes, including the acquisition of Bitcoin and bolstering working capital. The STRC Stock is distinct from previous offerings, as it will accumulate cumulative dividends at a variable rate based on the stated amount of $100 per share source: https://www.binance.com/en/square/post/27281621029314?utm_source=BinanceNewsRSS