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Strategy Announces $2.1 Billion Preferred Stock Offering, Dubbed ’Crown Jewel’
Strategy Announces $2.1 Billion Preferred Stock Offering, Dubbed ’Crown Jewel’
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Strategy, formerly MicroStrategy, filed plans with the SEC to raise $2.1 billion through its Perpetual Strife Preferred Stock (STRF). The offering targets institutional investors with a 10% annual cash dividend and includes an escalation mechanism for missed payments.
Executive Chairman Michael Saylor championed STRF as the "crown jewel" of the company’s capital strategy. Unlike previous offerings, these preferred shares will be priced at market value—a shift reflecting evolving institutional demand for hybrid crypto-equity instruments.
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