Latham & Watkins LLP advised Strategy™ (Nasdaq: MSTR/STRK/STRF), the world’s first and largest Bitcoin treasury company, on the pricing of its initial public offering of 11,764,700 shares of 10.00% Series A Perpetual Stride Preferred Stock (STRD Stock) at a public offering price of US$85.00 per share, amounting to a US$1 billion offering. The transaction is expected to settle on June 10, 2025, subject to customary closing conditions.
The Latham & Watkins team was led by Partners Greg Rodgers, Marc Jaffe, Brittany Ruiz, and Arash Aminian Baghai, with support from Associates Ryan Gold, Paul Lau, Andrew Bentz, and Kan Ni. Tax advice was provided by Partners Bora Bozkurt and Jocelyn Noll, with Associate Michael Yu.
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