Strategy, formerly Microstrategy, has announced the pricing of 8.5 million shares priced at 85 USD each, targeting over 711.2 million USD in net proceeds. These funds will support general corporate needs including Bitcoin acquisitions, increasing their BTC holdings above 500,000 soon.
The preferred stock will accrue dividends at a rate of 10% per annum, payable quarterly, with penalties for unpaid dividends. As of mid-March 2025, Strategy holds 499,226 BTC, reflecting their commitment to Bitcoin as a key asset.
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