Strategy, formerly known as MicroStrategy, has announced plans to raise up to $21 billion through the sale of its 8.00% Series A perpetual strike preferred stock (STRK). The company intends to use the proceeds for general corporate purposes, including the acquisition of additional Bitcoin. The STRK stock offers an 8% annual dividend and is convertible to Class A common stock under specific conditions. This move is part of Strategy's ongoing strategy to bolster its Bitcoin holdings, which currently stand at 499,096 BTC, valued at approximately $41 billion. The firm has not made any new Bitcoin purchases in the past two weeks, with its last acquisition occurring on February 24, when it bought 20,356 BTC for around $2 billion. Since introducing STRK, Strategy has raised over $584 million, and it claims STRK is the highest-performing and most liquid preferred stock of the past decade. The announcement of the ATM program comes amidst a period of market volatility, with Bitcoin's price recently dipping to $79,000. Strategy's stock has also seen a decline, trading at $252.48 after a 12% drop in the past day.