Strategy raises size of STRF preferred stock offering to $722.5 million

According to official sources, Strategy (NASDAQ: MSTR/STRK) announced that it has completed the pricing of its 10.00% Series A Perpetual Preferred Stock (ticker symbol: $STRF). The company will issue 8.5 million shares at a public offering price of $85.00 per share, expanding the size of the offering to $722.5 million from the originally planned $500 million. The offering is expected to close on 25 March 2025, and the company estimates that the net proceeds will be approximately $711.2 million (after deducting underwriting discounts, commissions and the company's estimated offering expenses. strategy said that the proceeds will be used for general corporate purposes, including the Bitcoin acquisition and working capital.