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Strategy announces the issuance of an additional 5 million preferred shares to raise funds, planned to be used for increasing Bitcoin holdings

Strategy announces the issuance of an additional 5 million preferred shares to raise funds, planned to be used for increasing Bitcoin holdings

Bitget2025/03/18 12:34

PANews reported on March 18th, according to SEC filings, Strategy Inc (formerly MicroStrategy) announced it will issue an additional 5 million shares of Series A Perpetual Strife Preferred Stock to raise funds for its ongoing Bitcoin reserve strategy. The preferred stock accumulates a fixed dividend of 10% per year, paid quarterly, with unpaid dividends calculated as compound interest up to a maximum of 18%. In addition, under certain conditions, MicroStrategy has the right to redeem this preferred stock and holders can request the company buy back in case of "significant changes".

The issuance will be jointly managed by Morgan Stanley, Barclays, Citigroup and Moelis Company as bookrunners and is part of a public offering already registered with the SEC. The initial liquidation preference for this stock is set at $100/share and may be adjusted depending on market conditions.

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