PANews reported on August 1st that according to the announcement, Strategy Company (Nasdaq code: MSTR/STRK/STRF/STRD/STRC) has signed a sales agreement to issue and sell Series A perpetual preferred stocks with variable interest rates (total value up to $4.2 billion) through an "At-The-Market Program" (ATM Program). The company stated that the raised funds will be used for general corporate purposes, including bitcoin acquisition, working capital, and payment of preferred stock dividends.
Strategy Announces $4.2 Billion STRC Share Offering
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