05:10 PM EDT, 07/21/2025 (MT Newswires) -- Strategy (MSTR) said Monday it plans to launch an initial public offering or IPO of 5 million shares of its STRC Stock at a stated amount of $100 per share.

STRC or Series A Perpetual Stretch Preferred Stock is the company's new preferred equity security.

The STRC stock will have regular monthly cumulative cash dividends, set at an annualized rate of 9%, beginning from August 31.

Strategy intends to use the net proceeds from the offering for general corporate purposes, involving buying Bitcoin (BTC) for working capital.