Strategy announces $4.2 billion STRC stock issuance plan

According to Strategy's announcement, Strategy Corporation (NASDAQ: MSTR/STRK/STRF/STRD/STRC) has signed a sales agreement to issue and sell up to $4.2 billion worth of variable rate Series A perpetual preferred stock (STRC Stock) through the ATM Program. The company stated that the raised funds will be used for general corporate purposes, including Bitcoin acquisition, working capital, and payment of preferred stock dividends.