Strategy, the world’s largest corporate Bitcoin holder, is launching a new kind of stock offering, aiming to raise more funds to invest in the world’s first cryptocurrency.
data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/strategy-completes-2-b-convertible-note-offering-buy-bitcoin” title=”null”>Michael Saylor’s Strategy announced plans to conduct an initial public offering of 5 million shares of Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC).
Strategy will use the net proceeds for “general corporate purposes, including the acquisition of Bitcoin and for working capital,” it data-ct-non-breakable=”null” href=”https://www.businesswire.com/news/home/20250721979266/en/Strategy-Announces-Proposed-Initial-Public-Offering-of-STRC-Stock” rel=”noopener nofollow” target=”_blank” title=”null”>announced on Monday.
Unlike previous offerings, the STRC…
