Strategy (NASDAQ:MSTR) announced on Thursday a sales agreement to issue shares of its 10.00% Series A Perpetual Strife Preferred Stock (NASDAQ:STRF) worth up to $2.1B in an at-the-market offering.
MSTR shares were +2.17% to $411.43 pre-market, while STRF was -0.99% to $99.65.
The world's first Bitcoin Treasury company said it expects to make the sales in a disciplined manner over an extended period.
The net proceeds are intended to be used for general corporate purposes, including the acquisition of bitcoin, and for working capital.
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