Strategy announced an initial public offering (IPO) of 5,000,000 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC Stock) under the Securities Act of 1933. Proceeds will fund Bitcoin acquisitions and general corporate purposes. Strategy has achieved significant returns of 104% annually for $MSTR, significantly outperforming Bitcoin and the S&P 500. STRC Stock will offer cumulative monthly dividends starting at 9.00% annually, adjustable based on SOFR rates. The company retains redemption rights, allowing it to repurchase shares at specific triggers.
Proceeds from the IPO will be used for general corporate purposes, including the acquisition of Bitcoin and for working capital. The STRC Stock is part of a broader capital strategy.
Strategy highlighted its strong performance since adopting its Bitcoin treasury strategy, showing 104% annualized returns for $MSTR compared to 59% for Bitcoin and just 14% for the S&P 500.
The STRC Stock will feature cumulative monthly dividends starting at an annual rate of 9.00%, with potential adjustments based on one-month term SOFR fluctuations.
Once listed on Nasdaq or NYSE, the company may redeem all or part of the STRC Stock at $101 per share plus unpaid dividends.
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