Strategy will once again purchase a batch of bitcoins with the proceeds from the sale of shares

The company Strategy announced that it will raise $21 billion through the sale of Series Class A preferred shares as part of an ATM program. This was reported by the institution's press service.

The funds raised will be spent on purchasing bitcoin and other corporate purposes. This program will allow the firm to issue and sell 8% Series Class A preferred shares with perpetual redemption. The securities will be sold gradually, taking into account market conditions.

Currently, Strategy holds 499,096 BTC (worth $39.93 billion). The company has spent a total of $33.1 billion on purchasing digital assets.

Earlier, Strategy's CEO Michael Saylor announced the purchase of an additional 20,356 bitcoins for $1.99 billion at a price of $97,514 per coin.