Latham & Watkins Advises Strategy on US$2.47 Billion IPO of STRC Stock

Strategy™ (Nasdaq: MSTR/STRK/STRF/STRD) has announced the pricing of its initial public offering on July 24, 2025, of 28,011,111 shares of Variable Rate Series A Perpetual Stretch Preferred Stock (the STRC Stock), at a public offering price of US$90 per share. Strategy estimates that the net proceeds to it from the offering will be approximately US$2.474 billion, after deducting the underwriting discounts and commissions and Strategy’s estimated offering expenses. The issuance and sale of the STRC Stock is scheduled to settle on July 29, 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, Kan Ni, and Richard Reynolds. Advice was also provided on tax matters by partners Bora Bozkurt and Jocelyn Noll, with associate Michael Yu.