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Strategy Announces $21B Preferred ATM Offering to Buy More Bitcoin

Michael Saylor’s Strategy has launched a $21 billion at-the-market offering of its Series A preferred stock, primarily aimed at purchasing more Bitcoin. This announcement has provided a slight uplift to Bitcoin’s value, which had recently seen a dip. Strategy, recognized as the largest corporate holder of Bitcoin with nearly 500,000 tokens, is responding to recent market conditions, although MSTR shares have dropped significantly from their peak.

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