MicroStrategy (current strategy) today announced that it has priced its first public offering for 10.00% Series A Perpetual Stride Preferred Stock (STRD) at $85.00 per share.
A total of 11,764,700 STRD shares will be offered to investors within the scope of the public offering.
The company expects to receive approximately $979.7 million in net revenue from the offer. The issuance and sale of the shares is expected to close on June 10, 2025. This is subject to conventional closure conditions.
MicroStrategy has announced that revenues are used for general corporate purposes and that they aim to meet Bitcoin purchases and working capital needs in particular.
MicroStrategy currently holds 580,955 BTC worth $6.076 billion. They bought it for an average price of $70,046. The company has $20 billion unrealized profits from its previous Bitcoin investments.
*This is not investment advice.