Strategy said it plans to issue up to $1.66 billion of Series A perpetual preferred stock, according to a filing with the U.S. Securities and Exchange Commission. The securities carry a 10.00% coupon rate. The disclosure was cited by Odaily, and the source material did not provide additional terms such as timing, pricing mechanics beyond the stated amount and rate, or the intended use of proceeds. At this stage, the available information is limited to what was included in the SEC filing reference in the news brief.
Strategy plans to issue up to $1.66 billion of Series A perpetual preferred stock with a 10.00% coupon rate, according to a filing with the U.S. Securities and Exchange Commission.
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