Strategy increases STRF preference share offering size to $722.50 million

According to official news, Strategy (NASDAQ: MSTR/STRK) announced that it has completed the pricing of 10.00% Series A perpetual preference shares (ticker: $STRF). The company will issue 8.50 million shares at a public offering price of $85.00 per share, expanding the issuance size from the original planned $500 million to $722.50 million.
It is reported that the offering is expected to close on March 25, 2025, and the company estimates the net raised amount to be approximately $711.20 million (after deducting underwriting discounts, commissions and the company's estimated issuance expenses). Strategy said the proceeds raised will be used for general corporate purposes, including bitcoin acquisitions and Working Funds.