TechFlow, July 7 — Strategy (Nasdaq: MSTR/STRK/STRF/STRD) announced on July 7 that it has entered into a sales agreement to issue up to $4.2 billion of 10.00% Series A Perpetual Stride Preferred Stock (STRD Stock). The company plans to sell these shares in an orderly manner over time based on market trading prices and volume.
As the world's first and largest bitcoin treasury company, Strategy stated it will use the proceeds primarily for bitcoin acquisitions, working capital, and dividend payments to existing preferred shareholders. The company has adopted bitcoin as its primary reserve asset while continuing its AI-driven enterprise analytics software business.
The shares will be offered through an at-the-market offering in compliance with securities laws, and the related prospectus was filed with the U.S. Securities and Exchange Commission on July 7.
