Strategy Plans $21 Billion Stock Sale to Expand Bitcoin Holdings

The company, formerly MicroStrategy, aims to fund further Bitcoin purchases despite market downturns and recent price declines.

Strategy, rebranded from MicroStrategy, filed with the SEC to raise up to $21 billion through its STRK preferred stock offering, primarily to buy more Bitcoin.
The STRK stock offers an 8% annual dividend and allows for conversion into Class A shares under certain conditions, with no guarantee of the full $21 billion being raised.
Bitcoin's price has dropped to $79,000, a five-month low, while Strategy's stock has fallen 12% to $251, reflecting broader market struggles.
Global crypto funds reported $876 million in outflows last week, marking a fourth consecutive week of withdrawals totaling $4.75 billion.
Despite market challenges, Strategy remains the largest corporate Bitcoin holder, with nearly 500,000 BTC valued at approximately $42 billion.