Strategy announces $4.2B at-the-market offering of STRC preferred stock

Strategy Inc

Strategy entered into sales agreement for up to $4.2B of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), issued at the market.
Authorized shares of STRC increased to 70,435,353 via Certificate of Increase.
Net proceeds intended for general corporate purposes, including bitcoin acquisition and working capital, and possible preferred dividend payments.
Agents include TD Securities, Barclays, Benchmark Company, Clear Street, Morgan Stanley; commissions up to 2.0%.
No obligation to sell any shares; sales may be suspended by either party.

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: Increased authorized shares of STRC Stock to 70,435,353 shares via Certificate of Increase (effective 2025-07-31).

Change: charter amendment
Effective: 2025-07-31

Exact text from the filing

On July 31, 2025, the Company filed a Certificate of Increase of STRC Stock (the “Certificate of Increase”) to certify the authorization to increase the number of authorized shares of its STRC Stock to 70,435,353 shares.

View on SEC.gov

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

Strategy Inc filing history →

Source: SEC EDGAR

accession 0001193125-25-170550

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.