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Strategy plans to issue 2.5 million shares of STRD stock to be used for Bitcoin accumulation.

2 days ago

On June 3rd, Strategy announced that, provided that market and other conditions are met, the company plans to conduct an initial public offering in accordance with the amended 1933 Securities Act (referred to as the "Securities Act"). It will issue 2.5 million shares of Strategy's 10.00% Series A Perpetual Stride Preferred Stock ("STRD Stock"). Strategy intends to use the net proceeds from this offering for general corporate purposes, such as purchasing Bitcoin and maintaining working capital.
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