Strategy, the largest corporate holder of bitcoin, said it intends to sell 2.50 million perpetual preference shares called Stride (STRD) as part of its ongoing effort to hoard bitcoin.
"Strategy plans to use the net proceeds from the offering for general corporate purposes, including the acquisition of Bitcoin and as Working Funds," Strategy said in a statement. The offering represents 2,500,000 shares of Strategy's 10 per cent Series A perpetual Stride preference shares, the company said. Strategy added that the offering is open to "institutional and select non-institutional investors".
The company has also recently issued other preference shares to the public, called Strike (STRK) and Strife (STRF), and plans to raise $84 billion (50/50 equity and debt) for future bitcoin purchases. STRK and STRF are convertible preference shares.
Strategy said Monday that following its latest acquisition, its holdings have totaled more than 580,955 bitcoins, worth more than $60 billion.
Strategy plans to issue 2.50 million "Stride" preference shares to fund its bitcoin strategy
2025-06-02 22:19:44
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