Strategy Announces $4.2 Billion Fundraising, Pauses Bitcoin Purchases After Three Months

Strategy (formerly MicroStrategy) announced on the 7th a fundraising plan of $4.2 billion (613.3 billion yen) through the issuance of preferred stocks. Additionally, the company revealed a $21 billion (3 trillion yen) increase in the value of digital assets in the second quarter. The company has entered into an issuance and sale agreement for 10% Series A perpetual preferred stocks (STRD) and plans to raise funds incrementally through an ATM program. Sales will be strategically executed considering market prices and trading volumes, including block trades. The raised funds will be allocated to Bitcoin purchases, general corporate purposes, and working capital. The company already holds existing 10% Series A perpetual preferred stocks and 8% Series A perpetual...