MicroStrategy Inc., Rebranded as Strategy, Announces Major Financial Moves

In a significant development, Strategy, formerly known as MicroStrategy Inc., has announced a public offering of 5,000,000 shares of its Series A perpetual strife preferred stock. This strategic move is aimed at bolstering the company's financial flexibility and supporting its ambitious investment in Bitcoin.

Investment in Bitcoin: A Core Strategy

The proceeds from the offering are earmarked for acquiring additional Bitcoin and for general working capital purposes. This decision underscores the company's confidence in Bitcoin as a long-term investment. Strategy has already amassed a staggering 499,226 Bitcoin, valued at $33.1 billion, with an average purchase price of $66,360 per Bitcoin.

Leading Financial Institutions to Manage the Offering

Renowned financial institutions, including Morgan Stanley & Co. LLC, Barclays Capital Inc., Citigroup Global Markets Inc., and Moelis & Company LLC, have been appointed as joint book-running managers for the offering. This collaboration highlights the significance of the offering and the trust in Strategy's vision and leadership.