Strategy has announced its intention to conduct an IPO for 2,500,000 shares of its Series A Perpetual Stride Preferred Stock, designed to fund general corporate purposes, including bitcoin acquisition. The preferred shares will pay non-cumulative cash dividends of 10% annually and may be redeemed under certain conditions. Furthermore, Strategy has recently acquired an additional 705 Bitcoin for approximately $75 million, enhancing its status as a leading corporate holder of Bitcoin. This investment strategy aligns with the growing trend among public companies to integrate Bitcoin into their treasury management.
Strategy has announced its plan for an IPO to sell 2,500,000 STRD shares, aiming to fund bitcoin acquisitions and general corporate purposes.
The Series A Preferred Stock will offer non-cumulative cash dividends at 10 percent, without an obligation for the company to make up missed payments.
Collection
[
|
...
]