Strategy announces the pricing of the STRD IPO, with net proceeds expected to reach $979.7 million.

GateUser-6433627c · 2025-06-06T11:06:30+00:00

Strategy announced the pricing of its STRD stock IPO, issuing 11,764,700 shares of Series A preferred stock at a public offering price of $85.00 per share, with expected net proceeds of approximately $979.7 million.

GateUser-6433627c

2025-06-06 11:06:30

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[Strategy announces STRD IPO pricing, net proceeds expected to reach $979.7 million] Strategy announced the pricing of the STRD stock IPO, which consists of 11,764,700 shares of 10.00% Series A perpetual Stride preferred stock, with a public offering price of $85.00 per share. The issuance and sale of STRD stock are scheduled to settle on June 10, 2025, subject to customary closing conditions. Strategy estimates that, after deducting underwriting discounts and commissions as well as Strategy’s estimated issuance expenses, the net proceeds from this issuance will be approximately $979.7 million.

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