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Latham & Watkins Represents Strategy™ in US$1 Billion IPO of Series A Perpetual Stride Preferred Stock
June 7, 2025
Multidisciplinary team advises the world’s first and largest Bitcoin treasury company in the novel offering.
Strategy™ (Nasdaq: MSTR/STRK/STRF), the world’s first and largest Bitcoin treasury company, has announced the pricing of its initial public offering of 11,764,700 shares of 10.00% Series A Perpetual Stride Preferred Stock (the STRD Stock), at a public offering price of $85.00 per share. The issuance and sale of the STRD Stock are scheduled to settle on June 10, 2025, subject to customary closing conditions.
Latham & Watkins LLP represents Strategy in the offering with a corporate team led by partners Greg Rodgers, Marc Jaffe, Brittany Ruiz, and Arash Aminian Baghai, with associates Ryan Gold, Paul Lau, Andrew Bentz, and Kan Ni. Advice was also provided on tax matters by partners Bora Bozkurt and Jocelyn Noll, with associate Michael Yu.