Strategic Expansion Through Preferred Stock Offering

In a significant move to bolster its Bitcoin holdings, MicroStrategy Inc., now rebranded as Strategy, has announced a public offering of 5,000,000 shares of its Series A perpetual strife preferred stock. This strategic decision underscores the company's commitment to expanding its cryptocurrency portfolio and solidifying its position in the digital currency market.

Utilization of Proceeds for Bitcoin Acquisition and Working Capital

The proceeds from this offering are earmarked for two primary purposes: acquiring additional Bitcoin and bolstering the company's working capital. This dual approach not only aims to enhance Strategy's digital asset holdings but also ensures the company's operational agility and financial health.

Leading Financial Institutions to Manage the Offering

Strategy has enlisted the expertise of several leading financial institutions, including Morgan Stanley & Co. LLC, Barclays Capital Inc., Citigroup Global Markets Inc., and Moelis & Company LLC, to act as joint book-running managers. This collaboration highlights the confidence and support from the financial sector for Strategy's ambitious plans.

Strategy's Current Bitcoin Holdings

Earlier this week, Strategy revealed its current Bitcoin holdings, which amount to 499,226 Bitcoin. These were acquired at a total cost of $33.1 billion, with an average purchase price of $66,360 per Bitcoin. This disclosure not only showcases Strategy's significant investment in Bitcoin but also its belief in the cryptocurrency's long-term value and potential.