Strategy closes $2.521B STRC preferred stock IPO; proceeds used to buy 21,021 bitcoins

Strategy Inc

Gross proceeds of $2.521B from 28,011,111 STRC shares at $90/share; net ~$2.474B.
STRC begins trading on Nasdaq July 30 under ticker STRC; initial monthly dividend rate 9% per annum, adjustable by board.
Net proceeds used to acquire 21,021 bitcoins at ~$117,256/BTC; total BTC holdings reach ~628,791 at avg $73,227.
STRC is variable-rate perpetual preferred, senior to common/STRK/STRD but junior to STRF and debt; monthly dividends adjustable by board.
Certificates of Increase filed for STRK (to 269.8M), STRF (33.2M), STRD (61.1757M) shares under ATM programs.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Strategy Inc: Filed Certificates of Increase for three series of Preferred Stock (STRK, STRF, STRD) to memorialize board-authorized share increases (effective 2025-07-25).

Change: bylaw amendment
Effective: 2025-07-25

Exact text from the filing

to comply with certain technical requirements under the Delaware General Corporation Law (the “DGCL”), on July 25, 2025, the Company filed with the Secretary of State of the State of Delaware (the “Delaware Secretary of State”) Certificates of Increase for each series of the Company’s Preferred Stock.

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259 governance changes filed in the last 30 days. Browse all governance changes →

Strategy Inc filing history →

Source: SEC EDGAR

accession 0001193125-25-167987

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