According to reports from Wu, Strategy announced that it has launched an initial public offering of 11,764,700 shares of 10.00% Series A perpetual Stride preferred stock on June 5, 2025, with an offering price of $85.00 per share.
Strategy expects the net proceeds from this offering to be approximately $979.7 million, which will be used for general corporate purposes, including the acquisition of Bitcoin and as working capital.
