WilmerHale Advises Strategy in $722.5 Million Offering of 10.00% Series A Perpetual Strife Preferred Stock

WilmerHale Advises Strategy in $722.5 Million Offering of 10.00% Series A Perpetual Strife Preferred Stock

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WilmerHale represented MicroStrategy Incorporated d/b/a Strategy, the world’s first and largest Bitcoin Treasury Company, in connection with an offering of $722.5 million of 10.00% Series A Perpetual Strife Preferred Stock, at a public offering price of $85.00 per share. Strategy intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of bitcoin and for working capital. This transaction was the first issuance of Strategy’s most senior class of equity security. The offering priced on March 20 and closed on March 25, 2025.

The WilmerHale team consisted of Tom Ward, Molly Fox, Dave Strong, Jeffries Oliver-Li, Hilary Baker-Jennings, Ben Kelsey, Nick Andreacchi, Connor McRory, Whitley Horning and Heidi Treiber.

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