Catenaa, Saturday, March 22, 2025- Strategy announced plans Tuesday (18) to offer 5 million shares of its newly introduced Series A Perpetual Strife Preferred Stock, aiming to raise approximately $500 million. The proceeds will be used for general corporate purposes, including Bitcoin acquisitions.
The perpetual preferred stock will carry a fixed 10% annual dividend, payable quarterly, with the potential to increase to 18% if unpaid dividends accumulate. Strategy retains the right to redeem the stock under specific conditions, including a decline in outstanding shares below 25% of the original issuance or certain tax events.
Morgan Stanley, Barclays, Citigroup, and Moelis & Company are acting as joint bookrunners for the offering, which is registered with the SEC. The move aligns with Strategy’s ongoing Bitcoin-focused financial strategy, reinforcing its position as the largest corporate Bitcoin holder.
