Michael Saylor’s Bitcoin treasury giant, Strategy, has published a press release to announce a change in estimated net proceeds from its recent STRD offering, expecting to raise almost 4x the initially expected amount.
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Raising forecasted proceeds from $250 million to $1 billion
The document shared by Strategy shared the pricing of the company’s initial private offering of 11,764,700 shares of 10.00% Series A Perpetual Stride Preferred Stock (STRD). These shares will be offered at a price of $85 per unit. The shares will be issued on June 10.
Strategy announces pricing of its Stride Perpetual Preferred Stock $STRD Offering and upsizes the deal from $250M to $1B. $MSTR https://t.co/3p2J6qRu38
— Michael Saylor (@saylor) June 6, 2025
The company has lifted the estimated goal of the targeted proceeds from this fundraising offer, now expecting to receive roughly $979.7 million rather than the initial $205 million, according to the tweet published by Strategy. All the proceeds from this offering will be used for covering general corporate expenses, “including the acquisition of bitcoin.”
The press release also stated that investors holding the STRD stock will be able to receive dividends annually at a 10% rate on the stated amount. If declared, regular dividends on this stock will be paid every quarter each year, starting on Sept. 30, 2025.
Strategy also retains the right to redeem STRD “if certain tax events occur.” The most recent Bitcoin acquisition that was announced by the company’s executive chairman and cofounder, Michael Saylor, was 705 BTC made for approximately $75.1 million on Monday.
