Strategy (MSTR) has launched its latest fundraising vehicle for additional bitcoin (BTC) purchases.
The STRC Preferred Stock (nicknamed "stretch" by the company) will have an initial dividend rate of 9%. The company is looking to sell 5 million shares at $100 each for a total of $500 million.
STRC will join the company's other preferred series of shares — STRK, STRF and STRD — not to mention the common stock at-the-market program, through which MSTR raised $736 million just last week for more bitcoin acquisitions.
Strategy, of course, is gorilla among corporate bitcoin holders with more than 600,000 coins worth about $72 billion.
MSTR is little-changed in after hours trade.
