Strategy prices 11.76M shares of 10% perpetual preferred at $85, netting ~$979.7M for bitcoin

Strategy Inc

Offering of 11,764,700 shares of 10.00% Series A Perpetual Stride Preferred Stock (STRD) at $85.00/share; settlement expected June 10, 2025.
Net proceeds approximately $979.7 million after underwriting discounts and offering expenses.
Proceeds to be used for general corporate purposes including bitcoin acquisition and working capital.
Dividends on STRD non-cumulative, 10% per annum, payable quarterly when declared, not mandatory.
Joint book-running managers: Barclays, Morgan Stanley, Moelis & Company, and TD Securities.

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