Strategy announced today that, subject to market and other conditions, it intends to conduct an initial public offering under the Securities Act of 1933, as amended (the "Securities Act"), offering 5,000,000 shares of Strategy's floating rate Series A perpetual stretched preferred stock ("STRC shares").
Strategy plans to use the net proceeds from the offering for general corporate purposes, including the acquisition of bitcoin and for working capital.
MicroStrategy Incorporated (trading as: Strategy, NASDAQ: MSTR/STRK/STRF/STRD) is the world's first and largest bitcoin finance company. It has stated that it has adopted bitcoin as its primary financial reserve asset.
Using proceeds from equity and debt financing and cash flow generated from operations, it strategically increases its holdings of bitcoin and advocates for its role as digital capital.
Strategy's financial strategy seeks to provide investors with varying degrees of exposure to the bitcoin economy by offering a range of securities, including equities and fixed income instruments.
In addition, it provides industry-leading AI-driven enterprise analytics software to advance the vision of "Intelligence Everywhere".
Strategy uses its development capabilities to explore innovations in Bitcoin applications, combining analytical expertise with its commitment to digital asset growth.
They firmly believe that operational excellence, strategic Bitcoin reserves, and focus on technological innovation put them in a leading position in both the digital asset and enterprise analytics fields and provide unique opportunities for long-term value creation.