According to online reports, Strategy announced on July 7 that it had signed a sales agreement to issue 10.00% Series A Permanent Stride Preferred Stock (STRD Stock) with a total value of US$4.2 billion. The company plans to sell these stocks in an orderly manner over a long period of time based on market trading prices and trading volumes. Strategy said it will use the proceeds mainly for Bitcoin acquisitions, working capital and dividend payments to existing preferred stock holders. The company has made Bitcoin its main reserve asset, while continuing to provide an AI-driven enterprise analytics software business.