Strategy Announces IPO of 5 Million STRC Stock to Fund Bitcoin Purchases
Bitcoin Magazine Strategy Announces IPO of 5 Million STRC Stock to Fund Bitcoin Purchases Strategy announced today a proposed initial public offering of 5,000,000 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock—referred to as STRC Stock—registered under the Securities Act of 1933. According to the company, proceeds from the IPO will be used “for general corporate purposes, including the acquisition of Bitcoin and for working capital.” […] This post Strategy Announces IPO of 5 Million STRC Stock to Fund Bitcoin Purchases first appeared on Bitcoin Magazine and is written by Jenna Montgomery.
Bitcoin Magazine
Strategy Announces IPO of 5 Million STRC Stock to Fund Bitcoin Purchases
Strategy announced today a proposed initial public offering of 5,000,000 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock—referred to as STRC Stock—registered under the Securities Act of 1933.
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