Strategy upsizes stock offering to $711m, plans more Bitcoin buys
Strategy, formerly known as MicroStrategy, has raised $711.2 million through an upsized preferred stock offering, with most of the funds earmarked for additional Bitcoin purchases. The company priced its 10.00% Series A Perpetual Strife Preferred Stock at $85 per share, offering 8.5 million shares. The sale is expected to close on March 25, pending standard … Read more