Strategy (MSTR) announced plans to issue 2.5 million Series A Perpetual Stride Preferred Shares (STRD), representing 10%, to expand Bitcoin holdings and support operational funds.
The company plans to raise approximately $250 million in this initial public offering (IPO), based on an initial liquidation preference of $100 per share. Meanwhile, other companies are also pursuing Bitcoin financial strategies globally.
Strategy Plans Large IPO to Expand Bitcoin Holdings
According to Strategy's official announcement, this issuance targets institutional and select non-institutional investors. Holders are eligible for non-cumulative dividends, payable quarterly at an annual rate of 10%% if declared.
"reserves the right to redeem all STRD shares in cash at any time if the total number of SHARES of STshares issuedUat the time and in future issudosuare less than 25% issued ST." – Statement
This issuance plan came after Strategy's recent of 705 BTC forTC approximately $75.01 million. According to SaylorTracker data, the company holds 589, BTC, which $60 .
Strategy's move occurred amid a wave of corporate cryptocurrency adoption. On June 2, Hong Kong-based Reitar Logtech Holdings Limited (RITR) announced advanced negotiations to establish a strategic Bitcoin financial strategy. The plan aims to purchase approximately 15,000 BTC, worth amounts to about $1.5.5 >< billion
"Management believes this financial diversification can strengthen financial resilthrough allocation to uncorrelated digital assets, increase financial flexibility for future strategic acquisitions in logistics technology and automation platforms, and provide positioning for expansion in the high-growth Asian market where demand for smart logistics infrastructure continues to increase." – Filing
Similarly, Norway Block Exchange (NBX) made history as the first listed company in Norway to adopt Bitcoin as a financial asset. The company acquired 6 Bitcoin and plans to increase its holdings to to 10 0 BbyTC.
><In Russia, Sberbank has launched Bitcoin-linked structured bonds. This product is offered to a limited group of qualified investors in the over-the-counter market O. BTCS, a blockchain technology company, acquired 1,000 ETH, increasing its Ethereum holdings to 13,500 ETH.
"Ethereumth Ethereum our is core to our blockchain infrastructure strategy. expanded ETposition is not just a strategy financial, but a strategic byproduct of NodeOps and high-growth Builder+ activities. We are focused on building scalable and revenue--generating infrastructure." CEO Charles Allen said.
Meanwhile, education technology company Classover is focusing on building Solana (SOL) financial reserves. The company previously purchased 6,472 SOL for approximately $1.05 million.
They have now entered into a contract to issue up to $500 million in senior secured convertible notes, with initial funding of $11of million soon to be completed.. Up to 80%% will be towards allocatedrc allocated to SOL purchases.
These developments reflect a broader shift of companiesifying assets into cryptocurrency.
