According to Foresight News, Strategy has announced its intention to issue 2.5 million shares of its Series A perpetual Stride preferred stock, representing 10% of the company. The funds raised will be allocated for general corporate purposes, including the purchase of Bitcoin and working capital.
The dividends on STRD shares are non-mandatory and set at an annual rate of 10%, payable only upon declaration by the board of directors. The first dividend payment is scheduled to be distributed quarterly starting September 30, 2025.
Strategy retains the right to redeem all STRD shares under specific conditions, with an initial liquidation preference of $100 per share, subject to market price adjustments.
