Strategy prepares sale of US$ 4,2 billion in STRD to buy bitcoin

• Strategy to issue $4,2 billion in STRD shares
• Company intends to use funds to buy more bitcoin
• Sale will be gradual via market ATM program

Strategy, formerly known as MicroStrategy, announced a plan to raise up to $4,2 billion by issuing Series A STRD perpetual preferred stock, which will yield 10% per year. The sale will occur through an at-the-market (ATM) program, allowing the company to execute transactions as market conditions dictate.

According to official statement disclosed on Monday, the funds raised will be used for various corporate purposes, with emphasis on the acquisition of bitcoin and reinforcement of working capital. The company may also direct part of the amount to the payment of dividends on its preferred shares STRD and STRK, the latter with a yield of 8%.

The issuance strategy will be conducted in a staggered manner, considering the market price of STRD shares and the volume traded in each session. Operations may occur either through common sales or through block transactions, depending on the demand of institutional or strategic investors.

STRD shares, launched as part of the company's restructuring of its bitcoin-based model, offer fixed, non-cumulative dividends, meaning that payments do not accumulate if they are suspended for a certain period. Still, they represent an attractive way to raise capital to enable new purchases of the digital asset.

With this new move, Strategy reinforces its position in the market as one of the largest corporate holders of bitcoin in the world. The company has been financing previous BTC purchases with different classes of shares and convertible notes, including through MSTR common shares and STRK and STRF preferred shares.

The issuance of STRD preferred shares is part of the company's strategy of maintaining liquidity available to increase its bitcoin reserve, while structuring sustainable financing alternatives. The model allows the company to take advantage of market interest in its financial products, without directly resorting to the sale of crypto assets already acquired.