"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."
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.
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