Strategy Announces Pricing of STRD Stock IPO: 11.76M Shares at $85.00 Per Share

Investment firm Strategy has officially set the pricing for its highly anticipated STRD stock initial public offering (IPO). The offering consists of 11,764,700 shares of Series A perpetual Stride preferred stock with a 10.00% dividend rate, priced at $85.00 per share in the public markets.

The STRD stock issuance and sale is scheduled to settle on June 10, 2025, pending satisfaction of standard closing conditions. Based on the offering price, Strategy estimates net proceeds of approximately $979.7 million after accounting for underwriting discounts, commissions, and estimated offering expenses.

Investor Impact Analysis:
1. High-Yield Opportunity: The 10% dividend rate offers investors attractive fixed-income potential
2. Capital Deployment: Nearly $1B in net proceeds indicates significant growth initiatives ahead
3. Market Confidence: The premium $85/share pricing suggests strong institutional demand
4. Liquidity Event: Public listing provides exit opportunities for early investors