MicroStrategy Inc., Rebranded as Strategy, Announces Major Bitcoin Expansion

In a significant move to bolster its Bitcoin reserves, 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 financial maneuver is aimed at acquiring additional Bitcoin and providing working capital for the company.

Leading 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 this offering. This collaboration underscores the confidence and support from the financial sector for Strategy's ambitious plans.

In a recent disclosure, Strategy revealed its current Bitcoin holdings, amounting to 499,226 Bitcoins acquired at an average price of $66,360 per Bitcoin, totaling a staggering $33.1 billion investment. This bold strategy highlights the company's commitment to Bitcoin as a fundamental asset in its portfolio.