Strategy (formerly MicroStrategy) has filed an application with the SEC for the issuance of STRK preferred shares with an 8% annual dividend. The funds will be used to buy Bitcoin and for corporate purposes
Goal – invest up to $42 billion in BTC
Currently, Strategy holds 499,096 BTC ($40.6 billion)
STRK shares dropped by 2.12%, MSTR by 8.55%
Will this be the next catalyst for Bitcoin’s growth!