Strategy MSTRFinancing
Strategy prices 11,764,700 STRD preferred shares at $85.00, with about $979.7 million net
Filed Jun 6, 2025Original
An 8-K is the report a US listed company files within four business days of a material event.
What the company reported
- On June 5, 2025, it priced 11,764,700 shares of 10.00% Series A Perpetual Stride Preferred Stock (STRD) at $85.00 per share.
- Estimated net proceeds are about $979.7 million, for general corporate purposes including bitcoin and working capital.
- Settlement is scheduled for June 10, 2025.
- Dividends are not mandatory: non-cumulative at 10.00% a year, paid only if declared by the board.
Items reported
- 1.01 Material agreement
- 8.01 Other events
- 9.01 Exhibits
The company's own filing, put into Korean. The numbers are the filing's.