STRC has unveiled plans to issue 500,000 variable-rate Series A perpetual preferred shares under the trading symbol STRCP, representing the company’s inaugural offering of preferred securities.
The capital raised will primarily finance Bitcoin acquisitions to expand the firm’s digital asset holdings alongside general corporate purposes. A portion of the proceeds is also designated to support working capital requirements, ensuring operational flexibility and sustained business continuity.
This strategic funding initiative aims to strengthen STRC’s Bitcoin reserves while addressing broader corporate treasury needs amidst evolving cryptocurrency market conditions. The variable-rate structure offers adaptability to changing interest rate environments.