TechFlow news — On March 10, according to a filing on the U.S. SEC's official website, Strategy has submitted a prospectus to issue up to $21 billion worth of 8.00% Series A perpetual callable preferred stock. The offering aims to raise capital for general corporate purposes, including potential acquisitions of bitcoin.
Strategy intends to continue its strategic accumulation of bitcoin, utilizing proceeds from equity and debt financing as well as operating cash flows.
While the filing does not specify any new bitcoin purchases, it underscores the company's ongoing commitment to its bitcoin strategy.
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