FILINGStrategy (MSTR) · 8-K · accepted Monday, Jun 2, 2025, 5:27 PM ET
Strategy a proposed IPO of 2,500,000 shares of STRD, with a $100 initial stated amount
From Strategy’s 8-K, accepted by the SEC on Jun 2, 2025 at 5:27 PM ET.
What it says
Strategy announced a proposed IPO of 2,500,000 shares of its STRD, with a $100 initial stated amount; no bitcoin purchases or holdings were reported.
What it changed
mNAV
2.05xJun 2 close
2.14xJun 3 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held
Sats per diluted share
186,059Jun 2 close
186,059Jun 3 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
351.4 yrsJun 2 close
349.9 yrsJun 3 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet)
Also that day
Source
Form 8-K filed by Strategy Inc with the SEC, accepted Monday, Jun 2, 2025, 5:27 PM ET. Accession 0001193125-25-133461.
Summary and figures read from the filing by Orange Paper’s filing reader and checked before publishing. Calculations (pro forma and close figures) are ours.