Strategy plans to issue STRD shares to raise $4.2 billion

Odaily Planet Daily News Strategy announced that it has entered into a sales agreement under which it intends to issue STRD shares (Series A Perpetual Stride Preferred Stock) to raise $4.2 billion. Strategy expects to sell STRD shares in a disciplined manner over a longer period of time under the ATM plan, taking into account the trading price and volume of STRD shares at the time of sale. It is reported that Strategy intends to use the net proceeds from the ATM plan for general corporate purposes, including the purchase of Bitcoin and as working capital.