According to Wu, Bloomberg reported that Strategy Chairman Michael Saylor has launched an unconventional financing tool, perpetual preferred shares, to replace the issuance of common stock and convertible bonds, continuing to raise funds to purchase Bitcoin. As of this year, Strategy has raised approximately $6 billion through four issuances of perpetual preferred shares. Saylor stated that theoretically, they could raise $100 billion or even $200 billion. Since the beginning of 2024, Saylor has raised over $40 billion through common stock and bond financing.

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