Strategy announces $4.2B STRC At-The-Market program

Business Insider

01-08-2025

Strategy (MSTR) 'announced that it has entered into a sales agreement pursuant to which Strategy may issue and sell shares of its Variable Rate Series A Perpetual Stretch Preferred Stock, $0.001 par value per share, having an aggregate offering price of up to $4.2 billion. Strategy expects to make sales of STRC Stock pursuant to the ATM Program in a disciplined manner over an extended period, taking into account the trading price and trading volumes of the STRC Stock at the time of sale. Strategy intends to use the net proceeds from the ATM Program for general corporate purposes, including the acquisition of bitcoin and for working capital, and may also use the net proceeds for the payment of cash dividends declared or expected to be declared by the board of directors of Strategy from time to time on shares of any class or series of preferred stock, other than the STRC Stock, then outstanding.'
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