Strategy announces the issuance of 5 million new perpetual preferred shares "Strife" to raise funds for purchasing more Bitcoin
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Strategy announces the issuance of 5 million new perpetual preferred shares "Strife" to raise funds for purchasing more Bitcoin
According to an official announcement, Strategy (Nasdaq: MSTR; STRK) has announced the launch of a new perpetual preferred stock called $STRF ("Strife"), available to institutional investors and certain non-institutional investors. As stated in the announcement, Strategy plans to offer 5 million shares of Strategy Series A Perpetual Strife Preferred Stock through a public offering registered under the Securities Act of 1933, subject to market conditions. Net proceeds from the offering will be used for general corporate purposes, including Bitcoin acquisitions and working capital.
Navigating Web3 tides with focused insightsTechFlow news, March 18 — According to an official announcement, Strategy (Nasdaq: MSTR; STRK) announced the launch of a new perpetual preferred stock named $STRF ("Strife"), available to institutional investors and certain non-institutional investors.
The announcement stated that Strategy intends, subject to market conditions, to offer 5 million shares of Strategy Series A Perpetual Strife Preferred Stock through a public offering registered under the Securities Act of 1933. Net proceeds from this offering will be used for general corporate purposes, including Bitcoin acquisitions and working capital.
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