BREAKING: Strategy to Raise $21 Billion to Buy Bitcoin

Strategy (previously MicroStrategy) has unveiled a new initiative to raise up to $21 billion by issuing shares, with the goal of expanding its Bitcoin holdings.

The company has entered into a sales agreement allowing it to issue and sell the preferred stock in a disciplined manner over an extended period. The news was also shared on Michael Saylor’s X profile.

The preferred stock, which is convertible into Strategy’s Class A common stock, will be sold through the company’s “At the Market” (ATM) Program. This method allows the company to sell shares based on prevailing market conditions, including the trading price and volumes at the time of sale.

The funds raised through this offering will be used for general corporate purposes, with a significant portion dedicated to acquiring additional Bitcoin. The move reflects Strategy’s ongoing commitment to cryptocurrency, particularly Bitcoin, as part of its broader corporate strategy.

READ MORE:

Bitcoin Adoption Still in Early Stages, With U.S. Leading the Way

The perpetual strike preferred stock will be sold in accordance with Rule 415(a)(4) under the Securities Act of 1933, and the sale is being conducted under an automatic shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC). The offering will be made in a manner consistent with applicable securities laws.

It is important to note that this press release does not constitute an offer to sell or a solicitation to buy the preferred stock, and the sale is subject to the legal requirements of individual jurisdictions.

A Gateway Token to a New Crypto Ecosystem

Best Wallet Token ($BEST) transforms Web3 interactions through a wallet ecosystem that facilitates crypto transactions. The token provides reduced fees on Best Wallet’s decentralized exchange and offers higher stacking rewards across over 60 blockchains.

Best Wallet is much more than a simple crypto wallet – it’s a comprehensive ecosystem designed to make navigating the blockchain easier for beginners and advanced users alike.

The project provides a unique token pre-sale feature called Upcoming Tokens. This allows users to buy, track and explore new crypto projects directly from the app.

Buy $BEST Here

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.