Strategy has announced a 10% preferred stock offering priced at $85 per share, aimed at raising approximately $711 million to further stack Bitcoin as part of its corporate treasury plan. This announcement follows a recent acquisition of 130 BTC valued at around $10.7 million, bringing their total holdings to 499,226 BTC, worth approximately $41.8 billion. Despite a slight decline in the company’s shares since January, Strategy’s potential for enticing investors from the bond market is highlighted by its annual 11.8% dividend. The company has indicated plans to continue raising debt and equity to expand its Bitcoin purchases, with a significant potential for unrealized gains estimated over $8.6 billion. The preferred stock offering comes as part of Strategy's broader efforts to maintain its competitive edge and adapt to market conditions, having recently sold shares of its 8% Series A preferred stock for capital accumulation purposes.

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