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The MSTR Stock price is up over 2% at the open of today's session following Strategy's plans to raise $2.1 billion to buy more Bitcoin.
Bitcoin (BTC-USD) forged to a new high on the 15th anniversary of the first commercial transaction that used the world's first cryptocurrency.
Michael Saylor's Strategy has announced plans to raise as much as $2.1 billion through the sale of its 10% Series A Perpetual Strife Preferred Stock.
Strategy (MSTR) will issue and sell shares of its 10.00% Series A Perpetual Strife Preferred Stock for up to $2.1 billion. Strategy plans to sell the shares over a period of time, based on market conditions. Net proceeds will be used for general corporate purposes, which may include the acquisition of bitcoin (BTC) and working capital.
IBIT offers an alternative to investors that have historically pursued self-custody or on-exchange ownership of Bitcoin. Click for more information on ETFs.
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Strategy, plans to raise $2.1 billion by issuing more preferred stock, a product that co-founder Michael Saylor described as a "crown jewel."
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