Strategy Plans to Raise $4.2 Billion Through New Preferred Stock Offering

According to BlockBeats, Strategy, the publicly traded company with the largest Bitcoin holdings, has announced plans to raise up to $4.2 billion by issuing a new series of preferred stock. This financing initiative comes shortly after the company completed a nearly $2.5 billion issuance of STRC preferred stock. The details were disclosed in a filing submitted to the U.S. Securities and Exchange Commission (SEC).