Strategy submits prospectus to issue up to $21 billion in preferred shares

PANews reported on March 10 that Strategy (formerly MicroStrategy) has submitted a prospectus and plans to issue 8.00% of the Series A permanent execution preferred shares worth up to US$21 billion. The offering is intended to raise funds for general purposes, including the possible acquisition of Bitcoin. MicroStrategy intends to continue its strategy of accumulating Bitcoin, leveraging the proceeds of equity, debt financing and operating cash flow. The document does not mention any new Bitcoin acquisitions, but highlights the company's ongoing commitment to its Bitcoin strategy.