Strategy plans to issue 5 million shares of STRC to raise funds for Bitcoin acquisition
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Odaily Planet News: According to the official announcement, Strategy (Nasdaq codes: MSTR, STRK, STRF, STRD) announced plans to publicly issue 500,000 shares of variable-rate Series A perpetual preferred stock (STRC stock). The company stated that the raised funds will be used for general corporate purposes, particularly for Bitcoin acquisition and operating capital. The initial annual dividend rate for STRC stock is 9.00%, paid monthly, with the company retaining the right to adjust the dividend rate. Morgan Stanley, Barclays, Moelis & Company, and TD Securities will serve as joint bookrunners for this issuance.
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