Strategy Launches $250 Million STRD IPO to Expand Bitcoin Holdings

Strategy launches an initial public offering (IPO) of its STRD preferred stock, aiming to raise $250 million. This fund will support both general corporate needs and the company’s strategic goal of expanding its Bitcoin holdings. The IPO offers 2.5 million shares at a price determined daily by market activity, along with a 10% non-cumulative dividend and shareholder redemption rights tied to share count and tax changes. Strategy has amassed over 580,000 BTC worth $61 billion, using the IPO proceeds to further invest in Bitcoin and solidify its position as a leader in crypto assets.