Strategy plans to issue 11,764,700 shares of Series A Preferred Stock at a price of 85 USD per share, aiming to raise about 979.7 million USD after costs.
The funds will support general corporate purposes, including the acquisition of BTC, marking a significant step in expanding their investment.
Investors of the stubborn preferred stocks will receive a non-cumulative dividend of 10%, adding an attractive incentive for professional and institutional investors.
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