Strategy announces the pricing of the STRD stock initial public offering, aiming to raise approximately $980 million

ChainCatcher news, according to the official disclosure from Strategy, the company announced on June 5 the pricing of its 10.00% Series A perpetual Stride preferred stock (STRD shares) for its initial public offering, with an offering price of $85.00 per share, totaling 11,764,700 shares issued. The expected net fundraising amount is approximately $979.7 million.

Strategy stated that the raised funds will be used for general corporate purposes, including Bitcoin acquisitions and working capital. The dividends on STRD shares are non-mandatory, with an annual interest rate of 10.00%, payable only when declared by the board. The first dividend payment date is September 30, 2025.