Strategy has successfully raised $2.8 billion through a preferred stock offering, exceeding its initial $500 million target due to strong investor demand. The Series A Perpetual Stretch preferred shares, offering a 9% annual dividend, were sold at $90 per share, with Morgan Stanley and Barclays facilitating the sale. The funds will be used to expand Strategy's Bitcoin holdings, currently at 607,770 BTC, valued at approximately $70 billion. This move comes amid a bullish Bitcoin market, driven by favorable regulatory changes, and positions Strategy as a leader in corporate Bitcoin adoption.