

Today, Strategy (Nasdaq: MSTR; STRK; STRF) has announced that it plans to conduct an initial public offering of 2,500,000 STRD shares
Jun 03, 2025 am 10:58 AMToday, Strategy (Nasdaq: MSTR; STRK; STRF) has announced that it plans to conduct an initial public offering of 2,500,000 STRD shares
Today, Strategy (Nasdaq: MSTR) has announced that it plans to conduct an initial public offering of 2,500,000 STRD shares of Strategy’s 10.00% Series A Preferred Stock. The company will apply to list the shares for trading on the Nasdaq Global Select Market.
The STRD Stock will offer non-cumulative cash dividends at an annual rate of 10 percent, paid quarterly in arrears on March 31, June 30, September 30 and December 31 of each year, beginning on September 30, 2025. If dividends are not declared, they will not accumulate, and Strategy says it is not required to make up for missed payments.
The company may also be able to redeem all outstanding STRD shares if the total number falls below 25 percent of the original issuance or if certain tax events occur. In such cases, holders will receive the liquidation preference of $100 per share plus any declared and unpaid dividends.
“If an event that constitutes a ‘fundamental change’ under the certificate of designations governing the STRD Stock occurs, then, holders of the STRD Stock will have the right to require Strategy to repurchase some or all of their shares of STRD Stock at a cash repurchase price equal to the stated amount of the STRD Stock to be repurchased, plus declared and unpaid regular dividends, if any, that will have accrued to, but excluding the fundamental change repurchase date,” the company explained.
According to a recent SEC filing from June 2, Strategy has acquired another 705 Bitcoin for about $75 million. The company bought the coins at an average price of $106,495 each between May 26 and June 1, bringing its total holdings to 580,955 BTC. The acquisition was funded by selling some of its preferred shares through an at-the-market (ATM) equity offering.
Strategy sold 353,511 shares of its 10.00% Series A Preferred Stock, PAR Value $0.001 (STRK) for about $36.2 million and 374,968 shares of its 8.00% Series B Preferred Stock, PAR Value $0.001 (STRF) for about $38.4 million. Together, the two preferred stock classes sold for $74.6 million.
Following this purchase, Strategy’s average acquisition price across all its Bitcoin holdings stands at $70,023 per coin. The company is known for its massive Bitcoin treasury, making it the largest corporate holder of the cryptocurrency. As more public companies adopt Bitcoin treasury strategies, we can expect to see further updates from Strategy on its cryptocurrency ventures.
News data source: kdj.com
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