Strategy plans to raise about $1 billion through preferred stock issuance to increase Bitcoin holdings

Odaily News Strategy announced that it will publicly issue 11,764,700 shares of 10.00% Series A Perpetual Stride Preferred Stock on June 5, 2025 at an issue price of $85 per share. The net proceeds from this fundraising are expected to be approximately $979.7 million, which will be used for general corporate purposes, including increasing Bitcoin holdings and working capital support. The stock issuance and delivery are expected to be completed on June 10.