TechFlow news, on March 21, according to an official announcement, Strategy (Nasdaq: MSTR/STRK) has completed the pricing of its 10.00% Series A perpetual preferred stock (ticker: $STRF). The company will issue 8.5 million shares at a public offering price of $85.00 per share, increasing the offering size from the originally planned $500 million to $722.5 million.
The offering is expected to close on March 25, 2025. The company estimates net proceeds of approximately $711.2 million after deducting underwriting discounts, commissions, and expected offering expenses. Strategy stated that the proceeds will be used for general corporate purposes, including Bitcoin acquisitions and working capital.
Add to Favorites
Share to Social Media
