Michael Saylor’s company, Strategy, formerly known as MicroStrategy, is looking to raise $250 million through a new offering of perpetual preferred stock to further invest in Bitcoin. The plan involves issuing 2.5 million shares of its 10% Series A Perpetual Stride Preferred Stock, priced at $100 per share. The proceeds will be allocated for acquiring additional Bitcoin and for working capital. This fundraising method introduces a new pathway for Strategy to secure resources outside its previous reliance on common stock and convertible notes. Holding the largest corporate Bitcoin reserve, worth over $61.7 billion, Strategy could potentially acquire about 2,351.8 Bitcoin with the new funds, considering current prices. The preferred stock will carry a fixed dividend of 10% annually, contingent upon board approval, and provides potential redemption options for investors under certain circumstances. Major financial institutions are managing the sale, enhancing Strategy's visibility among institutional investors in the growing cryptocurrency market.

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