Strategy to Raise Nearly $1B With STRD Preferred Stock Offering to Accumulate BTC

Strategy (MSTR), the largest corporate holder of bitcoin BTC, has priced the new preferred stock offering designed to give long-term investors a fixed 10% annual return with no management fees.The firm will sell 11.76 million shares of its 10% Series A Perpetual Stride Preferred Stock (STRD), expecting to bring in an estimated $979.7 million after fees and expenses, according to a press release source: https://www.coindesk.com/markets/2025/06/06/strategy-to-raise-nearly-1b-with-strd-preferred-stock-offering-to-accumulate-btc