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Strategy to Raise Nearly $1B With STRD Preferred Stock Offering to Accumulate BTC

  • On June 5, 2025, Strategy priced an offering of 11.76 million shares of its Series A Stride Preferred Stock, carrying a 10% dividend rate, at $85 each, with the transaction expected to settle on June 10, 2025.
  • This offering follows Strategy's ongoing Bitcoin accumulation and extends its capital stack beyond prior equity and convertible debt financings.
  • The non-cumulative preferred stock pays fixed 10% annual dividends, which are declared quarterly and used to support general corporate purposes including more Bitcoin acquisitions.
  • Strategy holds over 580,000 Bitcoins valued near $64 billion as of May 2025 and expects to net approximately $979.7 million from this offering after fees.
  • The offering provides permanent capital for Strategy’s Bitcoin purchases and working capital and may encourage similar financing approaches amid rising institutional Bitcoin adoption.
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TokenPost broke the news in on Friday, June 6, 2025.
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