Overview
- Strategy has filed to sell up to $4.2 billion of its 10% Series A perpetual Stride Preferred Stock (STRD) through an at-the-market program.
- The firm paused its weekly Bitcoin buying for the first time since mid-April as it reallocates resources under the new offering.
- It expects to report a second-quarter unrealized gain of $14.05 billion on its nearly 600,000-coin treasury after Bitcoin rose from about $82,000 to $108,000.
- During Q2, Strategy generated $6.8 billion in net proceeds via preferred and common-stock ATM offerings and retains over $40 billion of remaining issuance capacity.
- STRD is structured as a long-duration, high-yield, over-collateralized instrument aimed at yield-focused investors alongside existing STRK and STRF series.