Saylor’s Strategy upsized stock offering to $1B for Bitcoin purchases

Summary

Strategy plans to raise nearly $1 billion through a new stock offering to fund additional Bitcoin purchases. The company will issue 11,764,700 shares of 10.00% Series A Perpetual Stride Preferred Stock at $85 per share, expecting to net approximately $979.7 million after expenses. The funds will be used for general corporate purposes, including Bitcoin acquisition and working capital. This move expands the company's previous $250 million raise and introduces a new financing method beyond common stock and convertible debt. At the current Bitcoin price, the funds could purchase 9,633 BTC.

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