Key Points:
Strategy (formerly known as MicroStrategy) plans to sell up to 10% of its STRF preferred shares.
This sale is expected to raise $2.1 billion.
The money will be used to buy more Bitcoin and fund other company activities.
The company already owns 576,230 Bitcoins, which is about 2.74% of the total Bitcoin supply.
Recently, it bought 7,390 Bitcoins for $764.9 million at an average price of $103,498 per Bitcoin.
Bitcoin is currently trading at $111,400, just below its all-time high of $111,800.
Strategy’s aggressive buying and other companies following its lead have helped push Bitcoin’s price up nearly 50% in the past month.
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