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Strategy Raises $711M to Buy More Bitcoin in Upsized STRF Perpetual Offering
This is the initial sale of the company's Perpetual Strife Preferred Stock.

Ce qu'il:
- Strategy raised $711.2M via the sale of a new series of preferred stock.
- The money is mostly expected to be used to purchase additional bitcoin.
- The new acquisitions are likely to take Strategy's bitcoin holdings above 500,000 tokens.
Strategy (MSTR) will likely soon be in the market for additional sizable bitcoin purchases after pricing an upsized sale of its latest preferred stock issue.
The company sold 8.5M shares of its 10% Series A Perpetual Strife Preferred Stock at price of $85 each, raising roughly $711.2M. Strategy initially had hoped to raise $500M.
The latest series of preferred stock differs from the original STRK in that it comes with a higher coupon (10% versus 8%) and has no common share conversion provision.
The company at last check owned more than 499,200 bitcoin, so this coming fresh round of purchases should take the Strategy stack well above 500,000 tokens.
MSTR shares are down marginally in premarket action to just under $300. Bitcoin is steady at $84,000.
Stephen Alpher
Stephen is CoinDesk's managing editor for Markets. He previously served as managing editor at Seeking Alpha. A native of suburban Washington, D.C., Stephen went to the University of Pennsylvania's Wharton School, majoring in finance. He holds BTC above CoinDesk’s disclosure threshold of $1,000.
