ICYMI - Strategy software firm plans to raise up to US$500mn, will buy more Bitcoin

Noting this bullish news for BTC overnight ... and also that the price fell a little.

Strategy plans to sell $500 million of dollar-denominated perpetual preferred stock.

The firm says it intends to use proceeds for

• general corporate purposes
• acquisition of Bitcoin
• for working capital

Crypto media carry more info if you are after it. Mainstream media (Bloomberg - gated) also have a little more:

• This issuance follows Strategy’s recent purchase of $10.7 million worth of Bitcoin. It plans to issue up to $21 billion of preferred stock to acquire more of the cryptocurrency.

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Bitcoin update: