The company, the world’s largest corporate Bitcoin holder, issued the shares as part of a strategy to diversify its funding sources as it continues to buy the cryptocurrency.

MicroStrategy (MSTR), which recently changed its name to “Strategy,” has launched itsnew convertible preferred stock on the Nasdaq stock

The company announced in its last earnings report a plan to raise $42 billion to buy bitcoin in three years. It’s already spent nearly half of that.

Strategy (NASDAQ:MSTR), formerly MicroStrategy, has drawn varied analyst reactions following its continued Bitcoin (CRYPTO: BTC) accumulation and capital-raising initiatives, with analysts highlighting both the potential benefits and the emerging challenges associated with this approach.

Bitcoin stacking company Strategy (NASDAQ:MSTR), which has just rebranded from its former name of MicroStrategy, has reported a net loss of $670.8 million for the fourth quarter. The company reported fourth quarter revenue of $120.

Strategy – with a Bitcoin symbol on its logo – further emphasizing the company's commitment to its $BTC treasury strategy that inspired other publicly-traded firms to follow suit.