According to Deep Tide TechFlow news, on July 7, Strategy (Nasdaq codes: MSTR/STRK/STRF/STRD) announced that it has signed a sales agreement to issue up to $4.2 billion of 10.00% Series A perpetual Stride preferred stock (STRD Stock). The company plans to sell these stocks in an orderly manner over a longer period based on market trading prices and volumes.
As the world's first and largest Bitcoin treasury company, Strategy stated that it will primarily use the proceeds for Bitcoin acquisitions, operational funding, and paying dividends to existing preferred shareholders. The company has designated Bitcoin as its main reserve asset while continuing to provide AI-driven enterprise analytics software services.
The stocks issued this time will be sold through a 'market offering' method that complies with securities law, and the related prospectus was submitted to the U.S. Securities and Exchange Commission on July 7.
