Strategy to sell $2.5B in expanded STRC stock offering

Bitcoin treasury firm Strategy is set to raise $2.5 billion through the sale of its Variable Rate Series A Perpetual Stretch Preferred Stock, also known as STRC Stock. According to Bitcoin News on X, which cited a notice from Fidelity, the offering, priced at $90 per share, has been upsized to 28,011,111 shares from the initial filing of 5 million shares.

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