Reported about 4 hours ago
Michael Saylor's Strategy intends to issue up to $21 billion in preferred stock to fund further Bitcoin purchases and other corporate activities. The company has been actively acquiring Bitcoin and plans to leverage the proceeds from this stock offering, which includes 8% perpetual-strike shares convertible to common stock. This announcement follows a recent executive order by President Trump aimed at establishing a US Bitcoin reserve, with Strategy holding nearly 499,096 Bitcoin valued at around $42 billion.
Source: YAHOO