What to know:
- Shares will be sold over time, because who doesn’t love a good cliffhanger? “At the market” offerings under SEC Rule 415(a)(4) – sounds fancy, right? Flexibility for negotiated or block trades, because why not keep it spicy?
- Net proceeds will be allocated to general corporate purposes, which might include buying some shiny bitcoins and keeping the lights on. 💡
So, Strategy (MSTR) is gearing up to issue and sell shares of its 10.00% Series A Perpetual Strife Preferred Stock for a whopping $2.1 billion. Yes, you heard that right! Billion with a ‘B’! 💸
They plan to sell these shares over time, because patience is a virtue, especially in the stock market. ⏳
And what will they do with the net proceeds? Oh, just the usual: general corporate purposes, which may or may not include acquiring some bitcoin (BTC) and keeping the operational wheels turning. 🚀
Parikshit Mishra contributed reporting. Because every drama needs a good supporting cast!
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2025-05-22 16:00