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Strategy Update: Addition of Preferred Shares to Bring in $500 Million Incremental Funding

2025-03-18 20:19

BlockBeats News, March 18th, according to an official announcement from Strategy (formerly MicroStrategy), they will issue 5 million shares of Series A Perpetual Strife Preferred Stock with a face value of $100 per share, and they will receive an incremental $500 million to implement their Bitcoin strategy.


The Series A Perpetual Preferred Stock will have a fixed annual interest rate of 10.00% cumulatively accruing dividends. The regular dividends of the Perpetual Preferred Stock will be paid quarterly when declared by the Strategy board of directors and paid out of legally available funds for payment, on March 31st, June 30th, September 30th, and December 31st of each year, starting on June 30, 2025. The declared regular dividends will be paid only in cash. If any accrued regular dividends are not paid on the applicable dividend payment date, additional dividends will accumulate on the unpaid amount of regular dividends ("compound dividends") on a quarterly basis. The compound dividend rate for any unpaid regular dividends due on a dividend payment date will initially be an annual rate of 10% plus 100 basis points; however, before paying the aforementioned regular dividends and their compound dividends, the compound dividend rate will increase by 100 basis points annually until the maximum annual dividend rate reaches 18%.

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