Strategy Doubles Down on Bitcoin with Bold STRC Preferred Stock Launch—Is This the Ultimate Power Move Investors Can’t Ignore?
Strategy has announced a new preferred stock issuance under the ticker STRC, joining its expanding lineup of Bitcoin-backed financing tools.
The company plans to raise funds via the offering of 5 million shares of Strategy’s Stretch Preferred Stock, also known as STRC. The new issuance, STRC, follows earlier preferred offerings, STRK, STRD, and STRF, each designed to convert investor capital into Bitcoin on Strategy’s balance sheet.
The announcement comes as Strategy disclosed earlier today that it purchased 6,220 BTC for $739.8 million in cash between July 14 and July 20 at an average price of $118,940 per coin.
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