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MicroStrategy plans to refinance $4.2 billion to continue increasing its Bitcoin holdings.
On August 1, according to a document submitted to the U.S. Securities and Exchange Commission (SEC) on Thursday, the publicly traded company Strategy (stock code MSTR), which holds the most Bitcoin globally, plans to raise up to $4.2 billion by issuing a new series of preferred stock. This financing plan comes just days after the company completed nearly $2.5 billion in STRC (Stretch) preferred stock issuance.