On July 7, Strategy made an announcement regarding the execution of a sales agreement to issue $4.2 billion worth of Series A perpetual Stride preferred shares, carrying an interest rate of 10.00%. The company intends to distribute these shares in a structured, long-term manner, with the proceeds earmarked for Bitcoin acquisitions, augmenting working capital, and dividend disbursements to existing preferred shareholders. Amidst its ongoing provision of AI-driven enterprise analytics software, Strategy has adopted Bitcoin as its primary reserve asset.