Strategy (MSTR) Announces Proposed IPO of STRD Stock
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Strategy Announces Proposed Initial Public Offering of STRD Stock
June 2, 2025 4:24 PM EDTTYSONS CORNER, Va.--(BUSINESS WIRE)-- Strategy (Nasdaq: MSTR; STRK; STRF) today announced that, subject to market and other conditions, it intends to conduct an initial public offering registered under the Securities Act of 1933, as amended (the Securities Act), of 2,500,000 shares of Strategys 10.00% Series A Perpetual Stride Preferred Stock (the STRD Stock).
Strategy intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of bitcoin and for working capital.
Dividends on shares of the STRD Stock will not be mandatory. Holders of the STRD Stock will be entitled to receive non-cumulative dividends... More
