Strategy plans to issue 2.5 million shares of Stride preferred stock to increase its holdings of Bitcoin

Strategy (formerly MicroStrategy) announced that it will issue 2.5 million shares of 10% annual perpetual preferred stock "Stride" (STRD) to institutional and some non institutional investors to raise funds for the purchase of Bitcoin and general operations. Previously, it had issued preferred shares of "Strike" with a yield of 13% and "Strike" with a yield of 10%. STRD cannot be converted into common stock and has no maturity date. The company currently holds approximately 580955 bitcoins worth over $60 billion.