Strategy plans to issue 2.5 million shares of "Stride" preferred stock to increase its Bitcoin holdings.

PANews reported on June 3 that Strategy (formerly MicroStrategy) announced that it would issue 2.5 million shares of 10% annual interest perpetual preferred stock “Stride” (STRD) to institutional and some non-institutional investors to raise funds for the purchase of Bitcoin and general operations. Previously, it had issued 13% yield “Strike” and 10% “Strife” preferred stock. STRDs are not convertible into common shares and do not have an expiration date. The company currently holds about 580,955 bitcoins, worth more than $60 billion.