Strategy prices $979.7 million STRD preferred stock offering at $85.00 per share
Strategy priced an underwritten offering of 11,764,700 shares of its 10.00% Series A Perpetual Stride Preferred Stock (STRD) at $85.00 per share, with Barclays as lead manager, and expects settlement on June 10, 2025. The company estimates net proceeds of approximately $979.7 million, which it intends to use for general corporate purposes, including acquiring bitcoin and working capital. For shareholders, the filing shows a large new capital raise; dividends on the STRD stock are non-mandatory and non-cumulative.
Key points
- 11,764,700 shares of 10.00% Series A Perpetual Stride Preferred Stock priced at $85.00 per share
- Estimated net proceeds of approximately $979.7 million after underwriting discounts and offering expenses
- Settlement scheduled for June 10, 2025, subject to customary closing conditions
- Dividends are non-mandatory and non-cumulative; liquidation preference initially $100 per share
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 06, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.