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Strategy Plans $2.1B Sale of Its Perpetual Strife Preferred Stock
Proceeds to support corporate initiatives including bitcoin acquisitions and working capital.
Updated May 22, 2025, 1:12 p.m. Published May 22, 2025, 12:37 p.m.
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What to know:
- Shares to be sold over time via “at the market” offerings under SEC Rule 415(a)(4), with flexibility for negotiated or block trades.
- Net proceeds will be allocated to general corporate purposes, including potential bitcoin purchases and operational funding.
Strategy (MSTR) will issue and sell shares of its 10.00% Series A Perpetual Strife Preferred Stock for up to $2.1 billion.
Strategy plans to sell the shares over a period of time, based on market conditions.
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Net proceeds will be used for general corporate purposes, which may include the acquisition of bitcoin and working capital.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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