From Cointelegraph

June 6, 2025 7:52 am:

Strategy, the world’s largest corporate Bitcoin holder, plans to raise nearly $1 billion through a stock offering to fund additional Bitcoin purchases. The company will issue 11,764,700 shares of 10.00% Series A Perpetual Stride Preferred Stock at $85 per share, estimating to raise $979.7 million for general corporate purposes and working capital.

The move quadruples Strategy’s previously announced $250 million raise, offering a new financing route with non-cumulative dividends of 10% for professional and institutional investors. At the current Bitcoin price of $103,800, the $1 billion would allow Strategy to acquire an additional 9,633 BTC, surpassing its recent purchase of 705 Bitcoin for $75.1 million.

This is a developing story, with more information to be added as it becomes available.

Read more at Cointelegraph: Saylor’s Strategy Upsized Stock Offering to $1B for Bitcoin Purchases