Odaily Planet Daily News According to the official announcement, Strategy (NASDAQ: MSTR, STRK, STRF, STRD) announced plans to issue 5 million shares of variable rate Series A perpetual preferred stock (STRC stock) for the first time. The company said that the funds raised will be used for general corporate purposes, especially Bitcoin acquisition and working capital.
The initial annual dividend rate of STRC stock is 9.00%, paid monthly, and the company reserves the right to adjust the dividend rate. Morgan Stanley, Barclays, Moelis & Company and TD Securities will serve as joint bookrunners for this offering.