Michael Saylor’s Strategy has increased its earlier announced stock offering from $250 million to nearly $1 billion, marking a significant move to boost its Bitcoin investments. The company is poised to raise approximately $979.7 million by issuing 11,764,700 shares of 10% Series A Perpetual Stride Preferred Stock at a price of $85 per share. The raised funds will primarily be used for general corporate purposes, particularly for acquiring more Bitcoin and supporting working capital. Currently, the price of Bitcoin stands at $103,800, which means this funding could allow the company to purchase about 9,633 BTC, significantly more than its recent acquisition of $75.1 million. This strategic pivot represents a new financing approach for Strategy, as it moves beyond its traditional avenues of common stock and convertible debt.

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