
PANews March 21 news, according to the official announcement, Strategy has increased the issuance scale of STRF Series A perpetual preferred shares from 500 million USD to 722.5 million USD, with an issuance price of 85 USD per share and an annual interest rate of 10%. Settlement is expected on March 25, with net fundraising of approximately 711 million USD for the purchase of Bitcoin and general operations. STRF has a quarterly cash dividend mechanism, and overdue amounts will accrue interest, with a maximum annualized interest rate of 18%. This issuance is underwritten by Morgan Stanley, Citigroup, and others, marking Strategy's continued advancement of the 'Bitcoin Treasury' strategy.
