Strategy’s STRD IPO Raises $250 Million for Bitcoin Purchases

Strategy is launching an Initial Public Offering (IPO) of 2.5 million shares of its STRD preferred stock, with a goal to raise $250 million. This capital injection will be used to acquire additional Bitcoin and bolster working capital needs. The IPO includes a 10% non-cumulative dividend rate and redemption rights tied to outstanding shares and tax changes. STRD shares are priced at $100 each, subject to daily market adjustments. Dividends will be paid quarterly if declared by the company’s board, but unpaid dividends won’t accumulate. 10% dividends begin on September 30, 2025, after the IPO.