Latham & Watkins Represents Strategy in US$711.2 Million STRF Perpetual Preferred Stock Offering

Strategy™ (Nasdaq: MSTR/STRK) has announced the pricing of its offering on March 20, 2025 of 8,500,000 shares of 10.00% Series A Perpetual Strife Preferred Stock, at a public offering price of US$85 per share. The issuance and sale of the Perpetual Strife Preferred Stock are scheduled to settle on March 25, 2025, subject to customary closing conditions. The company estimates that the net proceeds to it from the offering will be approximately US$711.2 million, after deducting the underwriting discounts and commissions and the company’s estimated offering expenses.

Latham & Watkins LLP represented Strategy in the offering with a corporate team led by partners Greg Rodgers, Marc Jaffe, Brittany Ruiz, and Arash Aminian Baghai, with associates Paul Lau, Ryan Gold, Andrew Bentz, Nick Gonzalez, and Kan Ni. Advice was also provided on tax matters by partners Bora Bozkurt and Jocelyn Noll, with associate Michael Yu.