$BNB

Strategy Eyes $500M Through STRC IPO to Expand Bitcoin Holdings.

● The strategy plans to raise $500 million through a new preferred stock IPO to fund further Bitcoin acquisitions and corporate spending.

● The STRC stock offers variable monthly dividends, starting at an annualized 9% rate, with limited adjustment flexibility.

● Leading investment banks, including Morgan Stanley, will manage the IPO, pending favorable market conditions for the offering.

Strategy, formerly known as MicroStrategy, has revealed plans for a new initial public offering (IPO) aimed at deepening its Bitcoin exposure. The company announced that it will offer 5 million shares of its Variable Rate Series A Perpetual Stretch Preferred Stock, named STRC, priced at $100 each.

The offering is projected to raise $500 million, and proceeds will primarily go toward acquiring more Bitcoin. Strategy also intends to allocate part of the funds for general corporate needs and working capital. The IPO plan closely follows the company’s recent $739 million Bitcoin purchase, which pushed its total holdings to 607,770 BTC.