TechFlow news, on June 6, according to an official disclosure by Strategy, the company announced on June 5 the initial public offering price for its 10.00% Series A perpetual Stride preferred stock (STRD shares), priced at $85.00 per share, with a total of 11,764,700 shares offered. The expected net proceeds are approximately $979.7 million.
Strategy stated that it will use the proceeds for general corporate purposes, including Bitcoin acquisitions and working capital. Dividends on STRD shares are non-mandatory, with an annual dividend rate of 10.00%, payable only when declared by the board of directors. The first dividend payment date is September 30, 2025.
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