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Strategy plans to raise up to $4.2 billion through the issuance of new preferred stock.
On August 1, according to a document submitted to the SEC on Thursday, the publicly traded company Strategy (stock code MSTR), which holds the most Bitcoin globally, plans to raise up to $4.2 billion through the issuance of a new series of preferred shares. This financing plan comes just days after the company completed the issuance of nearly $2.5 billion in STRC (Stretch) preferred shares.