Strategy (MSTR), the largest corporate holder of bitcoin, plans to raise as much as $4.2 billion through sales of a newly issued preferred stock series, according to a Thursday filing with the U.S. Securities and Exchange Commission.

The offering comes just days after the company sold nearly $2.5 billion worth of STRC, or “stretch,” to investors and the stock debuted trading on the Nasdaq Global Select Market. The shares pay a 9% variable dividend, adjustable at the company’s discretion to maintain market price stability.

The filing also coincided with the firm reporting second-quarter net income of $10 billion driven by bitcoin’s price gains during the quarter.

Read more: Strategy Earned $10B in Q2 on Back of Bitcoin Price Gain

Finance, Strategy, MicroStrategy, Michael Saylor, NewsRead More

You might also be interested in reading Chinese police to crackdown on crypto and deepfake AI.