Strategy intends to issue $4.2 billion worth of STRD stock to raise funds

BlockBeats News, July 7th, according to official sources, Strategy (Nasdaq stock code: MSTR, STRK, STRF, STRD) today announced the signing of a sales agreement to issue 10.00% Series A Perpetual Preferred Stock (referred to as "STRD Stock") with a face value of $0.001 per share through an at-the-market (ATM) offering plan to raise up to $4.2 billion in funds.

Strategy stated that the company plans to execute this ATM offering over a longer period of time based on the market trading price and volume of STRD Stock. The proceeds are intended for general corporate purposes, including Bitcoin asset allocation, supplemental working capital, and the payment of dividends to other preferred stockholders (involving 10.00% Series A Perpetual Preferred Stock and 8.00% Series A Perpetual Preferred Stock).

It is worth noting that Strategy did not add any BTC to its holdings last week, and the acquisition funding for the purchase of 4,980 Bitcoins two weeks ago (totaling $531.9 million) came from the proceeds of ATM sales of its Class A common stock MSTR, convertible preferred stock STRK, and perpetual Strife preferred stock STRF (issued at market price).