** Shares of Strategy MSTR.O, the largest corporate holder of bitcoin, rise 1.5% to $377.85 premarket
** Co announces plans for initial public offering $(IPO.UK)$ of 2.5 million shares of Series A Stride Preferred Stock (STRD), a perpetual preferred equity instrument
** MSTR to use net proceeds for general purposes, including acquisition of bitcoin BTC=
** STRD to offer a 10% non-cumulative fixed dividend that does not have a maturity date, co says
** Up to Monday's close, stock had risen 28.5% YTD
(Reporting by Ragini Mathur in Bengaluru)
((Ragini.Mathur@thomsonreuters.com;))
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