Strategy submitted an 8-K filing on March 23, announcing plans to issue up to $21 billion in common stock and $21 billion in STRC preferred stock through an ATM offering, as well as up to $2.1 billion in STRK preferred stock. Additionally, the company will increase authorized shares of STRC preferred stock from approximately 70.43 million shares to approximately 283 million shares, while decreasing authorized shares of STRK preferred stock from approximately 270 million shares to approximately 40.27 million shares.
Strategy submitted an 8-K filing on March 23, announcing plans to issue up to $21 billion in common stock and $21 billion in STRC preferred stock through an ATM offering, as well as up to $2.1 billion in STRK preferred stock. Additionally, the company will increase authorized shares of STRC preferred stock from approximately 70.43 million shares to approximately 283 million shares, while decreasing authorized shares of STRK preferred stock from approximately 270 million shares to approximately 40.27 million shares.