PANews reported on May 22 that according to official news, Strategy (formerly MicroStrategy) announced that it will issue 10% Series A perpetual preferred shares (code: STRF) with a total size of no more than US$2.1 billion through TD Securities, Barclays Capital and Benchmark as underwriters. The preferred shares were traded on the Nasdaq Global Select Market at a price of US$100.65 per share on May 21. The announcement shows that if a "fundamental change" occurs, preferred shareholders can require the company to repurchase shares at par plus accumulated dividends. The financing will be used for company operations and Bitcoin investment, but the document also reminds that there are significant risks in investment.