Strategy, formerly Microstrategy, plans to collect $ 250 million thanks to a first public offer from a new class of perpetual privileged actions so that it can finance more Bitcoin purchases.
The strategy intends to issue 2.5 million shares of its privileged perpetual actions of 10%, with the STRD TICKER, at $ 100 per share, said the Bitcoin stacking company in a press release of June 2.
The offer of the offer will be used to acquire additional bitcoin (BTC) and provide working capital, he added.
Perpetual privileged actions often pay for fixed dividends indefinitely, without due date and generally have a priority on ordinary actions in payments.
The offer of perpetual privileged shares of the strategy will be available for institutional investors and non -institutional selective investors.
The offer would add a new fundraising tool for the strategy to finance its Bitcoin purchases, which have been mainly facilitated by the issue of ordinary shares and convertible tickets.
The strategy is by far the largest holder of corporate bitcoin in the world, with 580,955 bitcoin – worth 61.7 billion dollars – in its balance sheet, according to its website.
Bitcointareries.net data show that stratical bitcoin holdings are more than double that of the other 117 Bitcoin Bitcoin Companies listed in Bit Cushion.
The $ 250 million could allow the strategy to buy 2,51.8 additional bitcoin at current market prices, Bitcoin negotiating at $ 106,325.
The president and executive co-founder of Strategy, Michael Saylor, was the main orchestrator behind the company’s Bitcoin investment strategy.
Strd holders are not guaranteed dividends
STRD holders are eligible to receive 10% of annual dividends in cash, but only if they are declared by the board of directors of Strategy or an authorized committee.
Dividends are non -cumulative, which means that unpaid quantities do not continue in future periods.
If it were declared, the STRD dividends would be paid on the last day of each financial quarter, from September 30, 2025.
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The strategy can buy all STRs actions in cash flow if less than 25% remain the total initially issued. If a “fundamental change” occurs, Strd holders may require a strategy to buy their actions in cash. In both cases, the buyout price includes the liquidation preference of $ 100 plus the declared dividends which have not been paid.
The banks of Wall Street Barclays, Morgan Stanley, Moelis & Company and TD Securities will manage the sale of Strd, while several investment companies, including the reference company and the Amerivet titles, will support the offer.
The offer is made as part of a effective registration press release filed with the Securities and Exchange American Commission.
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