Strategy expands the issuance scale of perpetual preferred shares from 500 million USD to 722.5 million USD

ChainCatcher news, according to official sources, Strategy (NASDAQ: MSTR/STRK) announced that it has completed the pricing of 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.

It is reported that this issuance is expected to complete settlement on March 25, 2025, and the company estimates a net fundraising amount of approximately $711.2 million (after deducting underwriting discounts, commissions, and the company's estimated offering expenses). Strategy stated that the funds raised will be used for general corporate purposes, including Bitcoin acquisitions and working capital.