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Strategy has priced its $1 billion preferred stock offering at $85 per share, aiming to further expand its Bitcoin holdings. The company, formerly MicroStrategy, now holds 580,250 BTC worth $60.37 billion. The offering is set to close on June 10, 2025.
- Strategy is offering 11,764,700 shares of 10.00% Series A Perpetual Stride Preferred Stock at $85.00 per share to raise ~$979.7 million.
- The company holds 580,250 BTC, valued at $60.37 billion, acquired at an average cost of $69,979 per coin.
- STRD Stock features non-cumulative dividends, a liquidation preference, and a repurchase option in case of a 'fundamental change.'
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