Strategy announced a $4.2 billion plan to issue STRD preferred shares.

Strategy announced on July 7th that it has signed a sales agreement to issue a total of $4.2 billion worth of 10.00% Series A Perpetual Stride Preferred Stock. The company plans to sell these stocks in an orderly manner over a longer period of time based on market trading prices and volume. Strategy stated that the funds raised will be primarily used for Bitcoin acquisitions, operating capital, and paying dividends to existing preferred stockholders. The company has positioned Bitcoin as its primary reserve asset while continuing to provide AI-driven enterprise analytics software services.