According to ChainCatcher, Strategy officially disclosed that the company announced the pricing of its 10.00% Series A Perpetual Stride Preferred Shares (STRD stock) on June 5th, with an issue price of $85.00 per share, totaling 11,764,700 shares. The expected net proceeds are approximately $979.7 million.
Strategy stated that the raised funds will be used for general corporate purposes, including Bitcoin acquisition and working capital. The dividend for STRD stock is non-mandatory, with an annual interest rate of 10.00%, and will only be paid when declared by the board of directors. The first dividend payment date is September 30, 2025.
