Strategy Increases Perpetual Preferred Stock Offering from $500 Million to $722.5 Million

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Cointime2025/03/21 13:55

By:Cointime

according to official sources, Strategy (Nasdaq code: MSTR/STRK) announced that it has completed the pricing of 10.00% Series A perpetual preferred shares (stock code: $STRF). The company will issue 8.5 million shares, with a public offering price of $85.00 per share, increasing the offering size from the original plan of $500 million to $722.5 million.

It is reported that the offering is expected to be completed on March 25, 2025, with the company estimating net proceeds of approximately $711.2 million (after deducting underwriting discounts, commissions, and estimated offering expenses). Strategy stated that the funds raised will be used for general corporate purposes, including Bitcoin acquisitions and working capital.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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