Strategy Sells 28M STRC Stock at $90 per Share, Raises $2.474B for General Corporate Purposes

Strategy (MSTR) announced the pricing of its initial public offering (IPO) on July 24, 2025, raising approximately $2.474 billion. The company plans to use the proceeds for general corporate purposes, including Bitcoin acquisition and working capital. The IPO includes 28,011,111 shares of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC Stock) at $90 per share, with an initial dividend rate of 9.00% per annum.

Strategy (MSTR) has priced its initial public offering (IPO) at $90 per share, raising approximately $2.474 billion. The company plans to use the proceeds for general corporate purposes, including the acquisition of Bitcoin and for working capital. The IPO includes 28,011,111 shares of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC Stock) [1].

The STRC Stock will accumulate cumulative dividends at a variable rate per annum on the stated amount of $100 per share. Regular dividends on the STRC Stock will be payable monthly in arrears, beginning on August 31, 2025. The initial monthly regular dividend rate per annum is 9.00%, with the right for Strategy to adjust the rate subject to certain restrictions [1].

Strategy, the world's first and largest Bitcoin Treasury Company, is a publicly traded company that has adopted Bitcoin as its primary treasury reserve asset. The company's treasury strategy aims to provide investors with varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed-income instruments [1].

The IPO is being led by Morgan Stanley, Barclays, Moelis & Company, and TD Securities, with the Benchmark Company, Clear Street, AmeriVet Securities, Bancroft Capital, and Keefe, Bruyette & Woods acting as co-managers [1].

References:
[1] https://www.strategy.com/press/strc-ipo-launch_07-21-2025