Strategy Announces $4.2 Billion STRC Share Offering

PANews reported on August 1st that Strategy (NASDAQ: MSTR/STRK/STRF/STRD/STRC) has signed a sales agreement to issue and sell variable-rate Series A perpetual preferred stock (STRC Stock) with a total value of up to US$4.2 billion through an "ATM Program." The company stated that the proceeds will be used for general corporate purposes, including Bitcoin acquisitions, working capital, and payment of preferred stock dividends.

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Strategy Announces $4.2 Billion STRC Share Offering

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