MicroStrategy Unveils $42 Billion Capital-Raising Program to Fuel Bitcoin Buying Spree
MicroStrategy (MSTR) has announced a massive $42 billion at-the-market (ATM) equity program designed to expand its ability to purchase Bitcoin and other digital assets. The company split the program between $21 billion in Class A common stock and $21 billion in Variable Rate Series A Perpetual Stretch Preferred Stock, known as STRC. The announcement represents…
