MicroStrategy (, under its new name Strategy), announced today that it has set the initial public offering price for its 10.00% Series A Perpetual Stride Preferred Stock (STRD) shares at $85.00 per share.
A total of 11,764,700 STRD shares will be offered to investors as part of the public offering.
The company anticipates net proceeds of approximately 979.7 million dollars from this public offering. This figure represents the net amount to be obtained after deducting commissions to be paid to intermediaries and other expenses. The issuance and sale of the shares is expected to be completed on June 10, 2025, subject to ordinary closing conditions.
MicroStrategy announced that the income to be obtained will be used for general corporate purposes, specifically aiming to meet the needs for Bitcoin purchases and working capital.
MicroStrategy currently holds a total of 580,955 BTC valued at 60.76 billion dollars. These were purchased at an average price of 70,046 dollars. The company has an unrealized gain of 20 billion dollars from its Bitcoin investments so far.
*This is not investment advice.
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The Big Bull Michael Saylor's Company Strategy Shared the New Bitcoin Purchase Move!
MicroStrategy (, under its new name Strategy), announced today that it has set the initial public offering price for its 10.00% Series A Perpetual Stride Preferred Stock (STRD) shares at $85.00 per share.
A total of 11,764,700 STRD shares will be offered to investors as part of the public offering.
The company anticipates net proceeds of approximately 979.7 million dollars from this public offering. This figure represents the net amount to be obtained after deducting commissions to be paid to intermediaries and other expenses. The issuance and sale of the shares is expected to be completed on June 10, 2025, subject to ordinary closing conditions.
MicroStrategy announced that the income to be obtained will be used for general corporate purposes, specifically aiming to meet the needs for Bitcoin purchases and working capital.
MicroStrategy currently holds a total of 580,955 BTC valued at 60.76 billion dollars. These were purchased at an average price of 70,046 dollars. The company has an unrealized gain of 20 billion dollars from its Bitcoin investments so far.
*This is not investment advice.
Follow our Telegram group, Twitter account, and Youtube channel for exclusive news, analyses, and on-chain data! Also, start live price tracking immediately by downloading our Android and IOS apps!