Strategy, formerly known as MicroStrategy, has announced an upsized perpetual stock offering, named Strife, aimed at raising $723 million to acquire additional Bitcoin. Initially priced at $500 million, this offering will translate into 8.5 million shares priced at $85 each, with a fixed rate dividend of 10%. The company plans to use approximately $711 million from this offering to bolster its existing stash of Bitcoin, which currently consists of 499,226 BTC valued around $41.4 billion. Unlike previous offerings that allowed conversion into common stock, Strife shareholders will receive cash dividends quarterly, starting June. If dividend payments are delayed, they may accrue at a rate of up to 18% per missed quarter. Strategy's shares have seen a recent decline in market value, reflective of broader market conditions, but are still trading significantly higher compared to a year ago.

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