Strategy plans to raise approximately $1 billion through preferred stock issuance to increase its holdings of Bitcoin

According to official sources, Strategy announced that it has priced its initial public offering on June 5, 2025, issuing 11764700 Series A perpetual Stride preferred shares (hereinafter referred to as "STRD shares") with a face interest rate of 10.00% at a price of $85.00 per share. The issuance and sale of STRD stocks are expected to be completed for delivery on June 10, 2025, subject to customary delivery conditions. After deducting underwriting discounts and commissions, as well as Strategy's estimated issuance expenses, Strategy expects the net proceeds from this issuance to be approximately $979.7 million. Strategy plans to use the net proceeds from this issuance for general corporate purposes, including acquiring Bitcoin and supplementing working capital.