Strategy announced on July 7 that it has entered into a sale agreement to issue 10.00% Series A perpetual Stride preference shares (STRD Stock) with a total value of up to $4.20 billion. The company plans to sell these shares in an orderly manner over an extended period based on market trading prices and volume.
Strategy, which has made bitcoin its main reserve asset while continuing to offer AI-powered enterprise analytics software, said it would use the proceeds primarily for bitcoin acquisitions, working capital and dividends to existing preference share holders.
Strategy Announces 4.20 billion USD STRD preference share offering
2025-07-07 12:41:26
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