Strategy prices 28,011,111 STRC preferred shares at $90, netting $2.474 billion
Strategy agreed to sell 28,011,111 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC Stock) at $90 per share, with settlement scheduled for July 29, 2025. The company estimates net proceeds of about $2.474 billion, which it intends to use for general corporate purposes, including acquiring bitcoin and working capital. The filing also sets an initial 9.00% monthly regular dividend rate, which the company can adjust at its discretion within stated restrictions.
Key points
- 28,011,111 STRC shares were priced at $90 per share on July 24, 2025, with Morgan Stanley & Co. LLC as lead manager.
- Estimated net proceeds are $2.474 billion, after underwriting discounts, commissions and offering expenses.
- Initial monthly regular dividend rate is 9.00% per annum on a $100 stated amount per share; the company may redeem at $101 per share on or after listing.
- The offering is scheduled to settle on July 29, 2025, subject to customary closing conditions.
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 July 25, 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.