Michael Saylor’s Strategy has raised its STRD offering from 250 million USD to 1 billion USD, projecting proceeds that are nearly four times higher than initially expected.
The offering consists of 11,764,700 shares of 10.00% Series A Perpetual Stride Preferred Stock priced at 85 USD each, set to be issued on June 10.
STRD shareholders are set to receive annual dividends at a 10% rate, starting on September 30, 2025. Strategy also reserves the right to redeem shares under specific tax conditions.
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