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.

According to ChainCatcher news, documents from the U.S. SEC website show that Strategy has submitted a prospectus to issue up to $21 billion of 8.00% Series A perpetual preferred stock. This issuance aims to raise funds for general purposes, including potential acquisitions of Bitcoin.Strategy intends to continue its strategy of accumulating Bitcoin, leveraging the proceeds from equity, debt financing, and operating cash flow. The document does not mention any new Bitcoin acquisitions but emphasizes the company's ongoing commitment to its Bitcoin strategy.