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Strategy aims to price preferred stock offering at $85-$90, Bloomberg says

Strategy (MSTR) is seeking to price a $250M offering of its Perpetual Stride preferred stock or STRD, at $85 to $90 each, Gowri Gurumurthy of Bloomberg reports, citing a person familiar with the matter. Strategy expects to stop taking orders on Thursday, the person said. Strategy’s 10% Perpetual Strife preferred shares are trading at $107.10 each on Wednesday after pricing the offering at $85 per share in March, Bloomberg points out. Strategy closed Wednesday down 2% to $378.10.

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