Strategy plans to issue another $4.2B in STRC preferred shares

In a recent filing with the U.S. Securities and Exchange Commission (SEC), Bitcoin treasury firm Strategy (MSTR) announced that it plans to raise up to $4.2 billion through sales of its newly-issued STRC preferred shares, CoinDesk reported. Strategy revealed on July 31 that it had signed an agreement with TD Securities, Barclays, Morgan Stanley, Benchmark Company and Clear Street to sell additional STRC preferred shares. Earlier, Strategy had closed a $2.52 billion STRC initial public offering (IPO).