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.

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.

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

The company, co-founded and chaired by Michael Saylor, now owns more than $45 billion worth of bitcoins. Strategy described itself as 'the world’s first and largest Bitcoin Treasury Company', and a 'business intelligence' company listed on Nasdaq 100.