FILINGStrategy (MSTR) · 8-K · accepted Tuesday, Jun 10, 2025, 4:26 PM ET
Strategy 8-K reporting completion on June 10, 2025 of its IPO of 11,764,700 shares of new STRD
From Strategy’s 8-K, accepted by the SEC on Jun 10, 2025 at 4:26 PM ET.
What it says
Strategy 8-K reporting completion on June 10, 2025 of its IPO of 11,764,700 shares of new STRD, with $100 stated amount and non-cumulative dividends.
The numbers
| Preferred shares outstanding · STRD | 11,764,700 shares | as of Jun 10 |
| Preferred stated amount · STRD | $100 | as of Jun 10 |
What it changed
mNAV
2.06xJun 10 close
2.07xJun 11 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held
Sats per diluted share
186,394Jun 10 close
186,394Jun 11 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
348.0 yrsJun 10 close
343.0 yrsJun 11 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 Tuesday, Jun 10, 2025, 4:26 PM ET. Accession 0001193125-25-138477.
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.