Strategy Inc Plans $350M IPO of 10% Bitcoin-Backed Preferred Stock
Strategy Inc (Nasdaq: STRF/STRC/STRK/STRD/MSTR) is making a splash in the crypto-finance space with plans to launch an initial public offering of 3.5 million shares of 10% Series A Perpetual Stream Preferred Stock (STRE Stock). The IPO, registered under the U.S. Securities Act of 1933, aims to bolster corporate coffers for general purposes—including acquiring bitcoin—and support ongoing working capital needs.
