Strategy files prospectus for offering up to $21 billion in preferred stock

PANews reported on March 10 that Strategy (formerly MicroStrategy) has filed a prospectus to issue 8.00% Series A perpetual execution preferred shares worth up to $21 billion. The offering is intended to raise funds for general purposes, including possible acquisitions of Bitcoin. MicroStrategy intends to continue its strategy of accumulating Bitcoin, using proceeds from equity, debt financing, and operating cash flow. The document does not mention any new Bitcoin acquisitions, but emphasizes the company's continued commitment to its Bitcoin strategy.

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