PANews June 6 news, according to official sources, Strategy announced that it has priced its initial public offering on June 5, 2025, issuing 11,764,700 shares of Series A perpetual Stride preferred stock (hereinafter referred to as 'STRD stock') with a dividend rate of 10.00%, at a public offering price of $85.00 per share. The issuance and sale of STRD stock is expected to be settled on June 10, 2025, subject to customary closing conditions. After deducting underwriting discounts and commissions, as well as Strategy's estimated issuance costs, Strategy expects the net proceeds from this offering to be approximately $979.7 million. Strategy plans to use the net proceeds from this offering for general corporate purposes, including the acquisition of Bitcoin and supplementing working capital.
