Strategy Plans to Sell $21 Billion in Stocks... Pursues Additional Bitcoin Purchases

# STRATI Plans $21 Billion Stock Sale to Expand Bitcoin Holdings Michael Saylor, Chairman of STRATI (formerly MicroStrategy), has announced plans to sell $21 billion in stock to expand the company's Bitcoin (BTC) holdings. This plan has been formally filed with the U.S. Securities and Exchange Commission (SEC). On September 10, Saylor disclosed on X (formerly Twitter) that STRATI aims to issue $21 billion worth of STRK preferred shares to fund Bitcoin purchases. This announcement comes amid a market downturn, with Bitcoin prices dropping by 17% over the past month and stock markets undergoing corrections. STRATI plans to use the funds to buy additional Bitcoin and for general corporate purposes. Currently, STRATI holds 490,096 BTC, valued at approximately $41.2 billion. The stock issuance is part of the "21/21 Plan" and involves the issuance of Series A perpetual STRK preferred shares with an 8% yield. These shares have no maturity date, allowing STRATI to raise substantial funds without the pressure of a repayment deadline. According to Daily Hodl, Saylor recently attended the Conservative Political Action Conference (CPAC) in the U.S., where he emphasized that Bitcoin is a digital asset and a crucial vehicle for the U.S. to maintain its leadership in cyberspace. "Now is the time to buy Bitcoin cheaply," Saylor stated, adding that the U.S. must act before countries like Saudi Arabia, Russia, China, and Europe move in. “If there is an opportunity for a nation to purchase 20% of the network, it should be the U.S.,” he remarked. "Bitcoin is the way for the U.S. to become wealthy in the next decade and to lead in the cyber economy," he concluded.