Strategy Plans $42 Billion Capital Raise To Fund Bitcoin Purchases

Strategy Plans $42 Billion Capital Raise To Fund Bitcoin Purchases Serial cryptocurrency acquirer Strategy (NASDAQ: $MSTR) has announced a new plan to raise $42 billion U.S. to help fund future Bitcoin (CRYPTO: $BTC) purchases.  Strategy, led by chairman Michael Saylor, plans to raise the money through the issuance of its Class A common stock and issuance of its perpetual preferred stock called Stretch (STRC).  The two stocks sales will each aim to raise $21 billion U.S. for the company.   More From Crypt ...