Strategy (MSTR) Prices 11.76M Share IPO of STRD Stock at $85/sh

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Go back to Strategy (MSTR) Prices 11.76M Share IPO of STRD Stock at $85/sh

Strategy Announces Pricing of Initial Public Offering of STRD Stock

June 6, 2025 7:00 AM EDT

TYSONS CORNER, Va.--(BUSINESS WIRE)-- Strategy (Nasdaq: MSTR/STRK/STRF) today announced the pricing of its initial public offering on June 5, 2025 of 11,764,700 shares of 10.00% Series A Perpetual Stride Preferred Stock (the STRD Stock), at a public offering price of $85.00 per share. The issuance and sale of the STRD Stock are scheduled to settle on June 10, 2025, subject to customary closing conditions.

Strategy estimates that the net proceeds to it from the offering will be approximately $979.7 million, after deducting the underwriting discounts and commissions and Strategys estimated offering expenses. Strategy intends to use the net proceeds from the offering... More