PANews reported on March 18 that according to SEC documents, Strategy Inc (formerly MicroStrategy) announced that it will issue an additional 5 million shares of Series A Perpetual Strife Preferred Stock to raise funds to continue its Bitcoin reserve strategy. The preferred stock accumulates a fixed dividend of 10% per year, paid quarterly, and unpaid dividends will be calculated at compound interest, up to 18%. In addition, MicroStrategy has the right to redeem the preferred stock under certain conditions, and holders can also request the company to repurchase it in the event of a "significant change" event.

The offering will be jointly book-run by Morgan Stanley, Barclays, Citigroup and Moelis & Company, and is a public offering that has been filed with the SEC. The initial liquidation preference for the stock is set at $100 per share and may be adjusted based on market conditions.