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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.
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.
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