Strategy Plans to Offer Preferred Shares Worth Up to $21 Billion

Strategy announced that it has entered into a sale agreement under which the company may issue and sell its Series A Perpetual Strike preferred shares, which carry a fixed dividend rate of 8% and have a par value of $0.001 per share.

The total offering amount will be up to $21 billion under the ATM program. Holders of these shares will be able to convert them into Class A common shares.

Strategy (https://www.sec.gov/Archives/edgar/data/1050446/000119312525050408/0001193125-25-050408.txt) plans to use the proceeds for general corporate purposes, including acquiring BTC and replenishing working capital.