PANews reported on June 6 that according to official news, Strategy announced that it priced its initial public offering on June 5, 2025, issuing 11,764,700 Series A perpetual Stride preferred shares with a par interest rate of 10.00% (hereinafter referred to as "STRD shares"), with a public offering price of US$85.00 per share. The issuance and sale of STRD shares are expected to be completed on June 10, 2025, subject to customary closing conditions. After deducting underwriting discounts and commissions and Strategy's estimated issuance expenses, Strategy expects net proceeds from this issuance to be approximately US$979.7 million. Strategy plans to use the net proceeds from this issuance for general corporate purposes, including the acquisition of Bitcoin and replenishment of working capital.