Strategy Seeks to Raise $21 Billion for Bitcoin Investments
- Strategy plans to issue preferred shares, STRK, to raise up to $21 billion.
- The shares offer an 8% annual dividend with quarterly distributions.
- Preferred shares can be converted into common stock under certain conditions.
- Funds will support corporate goals and significant investments in Bitcoin.
- Strategy currently holds 499,096 BTC, valued at approximately $40.6 billion.
Strategy’s issuance of STRK shares aims to raise $21 billion, supporting its plan to invest heavily in Bitcoin. The company holds a substantial amount of Bitcoin, valued at about $40.6 billion.
Source (2.6)https://hodl.press/strategy-aims-to-raise-21-billion-for-bitcoin-investments/?rand=24434
