Strategy plans to issue STRD shares to raise $4.2 billion

According to Foresight News, Strategy (formerly MicroStrategy) announced that it has signed a sales agreement under which it can issue and sell 10.00% of its Series A permanent Stride preferred stock, with a face value of $0.001 per share, for a total issue price of up to $4.2 billion. This strategy is expected to sell STRD stocks in a standardized manner according to the ATM plan over a longer period of time, taking into account the trading price and volume of STRD stocks at the time of sale. Strategy plans to use the net proceeds of the plan for general corporate purposes, including the acquisition of Bitcoin and for working capital, and may also use the net proceeds to pay dividends to holders of its 10.00% Series A permanent Strike preferred stock (with a face value of $0.001 per share) and 8.00% Series A permanent Strike preferred stock (with a face value of $0.001 per share).