Strategy plans to issue $4.2 billion in STRD shares to raise funds
BlockBeats News, July 7th, According to official sources, Strategy (Nasdaq stock code: MSTR, STRK, STRF, STRD) announced today that it has signed a sales agreement to issue 10.00% Series A Perpetual Preferred Stock (referred to as "STRD Stock") with a par value of $0.001 per share, raising up to $4.2 billion through an At-The-Market (ATM) offering.
Strategy stated that the company plans to execute this ATM offering over an extended period of time based on the market trading price and volume of the STRD Stock. The proceeds are intended for general corporate purposes, including Bitcoin asset allocation, working capital, and payment of dividends to other preferred stockholders (involving 10.00% Series A Perpetual Preferred Stock and 8.00% Series A Perpetual Preferred Stock).
You may also like
Gainers
Latest Crypto News
In the past 24 hours, the entire network liquidated $376 million, with the majority coming from the largest short position
The probability of a 25 basis point interest rate cut by the Federal Reserve in December is currently at 87.2%.
Trump: Will Announce New Fed Chair in Early Next Year
Coinbase International Site to Launch DASH Perpetual Contract Trading
A whale has deposited 1.01 million USDC into Hyperliquid to leverage 10x long on HOOD.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]