PANews reported on July 22 that Strategy (NASDAQ: MSTR, STRK, STRF, STRD) announced plans to issue 5,000,000 shares of variable rate Series A perpetual extendable preferred stock (STRC stock) and conduct an initial public offering, depending on market and other conditions. The funds raised will be used for general corporate purposes, including Bitcoin acquisitions and working capital. The initial annualized monthly dividend rate for STRC stock is 9.00%, and the company reserves the right to adjust the dividend rate according to relevant regulations. Morgan Stanley, Barclays, Moelis & Company, and TD Securities are acting as joint book-running managers for this offering. The issuance will be conducted through an effective registration statement with the SEC and will be offered solely by prospectus.