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Bitcoin hoarder Strategy announces IPO plans, shares rise

ReutersJun 3, 2025 1:29 PM

Shares of Strategy MSTR.O, the largest corporate holder of bitcoin, rise 1.5% to $377.85 premarket

Co announces plans for initial public offering (IPO) of 2.5 million shares of Series A Stride Preferred Stock (STRD), a perpetual preferred equity instrument

MSTR to use net proceeds for general purposes, including acquisition of bitcoin BTC=

STRD to offer a 10% non-cumulative fixed dividend that does not have a maturity date, co says

Up to Monday's close, stock had risen 28.5% YTD

Reviewed byJane Zhang
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