MicroStrategy Inc. has announced the initial public offering of 5,000,000 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock, known as STRC Stock. The offering is being conducted under the Securities Act of 1933 and will be listed on the Nasdaq. The proceeds from this offering will be used for general corporate purposes, including the acquisition of bitcoin and for working capital. The joint book-running managers for the offering include Morgan Stanley, Barclays, Moelis & Company, and TD Securities.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MicroStrategy Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250721979266) on July 21, 2025, and is solely responsible for the information contained therein.