Main to remember
- The strategy plans to remove $ 500 million thanks to a privileged stock offer to extend its Bitcoin holdings.
- The preferred stock has an annual fixed dividend rate of 10%, with potential increments if they are unpaid.
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Strategy, the largest world Bitcoin holder, announced on Tuesday the launch of Strf (Strife), a new offer of privileged perpetual actions, available for institutional investors and certain retail investors.
The strategy announced today the launch of $ STRF (“Conrife”), a new perpetual privileged stock offer, available for institutional investors and selecting non -institutional investors. For more information, click here. $ Mstrhttps://t.co/yxnmogcegq
– Strategy (@strategy) March 18, 2025
The strategy also revealed that its plan to offer 5 million privileged actions of the A perpetual Strife series in a public offer to collect funds for Bitcoin purchases and the working fund.
The privileged action will carry a fixed fixed dividend rate of 10%, payable quarterly from June 30, 2025. If the dividends are not paid within the deadlines, compound dividends will accumulate at an initial rate of 11% per year, increasing by 100 basic points each quarter up to a maximum of 18% per year until the total is paid.
The initial liquidation preference will be $ 100 per share, with daily adjustments based on market prices and commercial activity. The strategy maintains the right to buy all the shares if the amount in circulation falls below 25% of the total of the shares issued or in the event of certain tax events.
Morgan Stanley, Barclays Capital, Citigroup Global Markets and Moelis & Company are joint book managers for the offer, which will be made through an effective registration press release filed with the SEC.
The strategy said on Monday that he had Bought 130 bitcoin At an average price of $ 82,981 per token between March 10 and 16.
The last purchase, reported in a dry file, brought Total Bitcoin Holdings of Strategment to 499,226 BTC, worth around 41.6 billion dollars.
The acquisition was financed by the sale of 123,000 shares of 8.00% in the A perpetual Strike Preferred series, generating approximately $ 10.7 million. Since the last update, the strategy has more than 2% of the entire Bitcoin offer.
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