For eight consecutive weeks, Strategy has issued stock to acquire Bitcoin, and it now plans to launch a perpetual preferred stock offering.
Late Friday, Strategy announced the latest capital-raising effort, with plans to issue $2 billion in preferred stock to fund additional Bitcoin purchases.
The business software and cryptocurrency-focused company intends to conduct the sale, if at all, during the first quarter. The offering would involve one or more public underwritten issuances of perpetual preferred stock.
In a statement, the company noted that this stock would take precedence over its Class A common stock and could feature options such as convertibility into Class A shares, as well as dividends and share redemptions.
