策略（Strg）又增加了71.1億美元的永久優先選擇，以購買更多比特幣

該公司正在出售850萬股新產品，稱為衝（Strf），每股85美元

The final tranche of preferred shares sold by cryptocurrency firm (NYSE:DCRC) is expected to net $711.2 million, which will be used to purchase bitcoin, the company said in a statement on Tuesday.

該公司在周二的一份聲明中說，預計加密貨幣公司（NYSE：DCRC）出售的首選股票的最後一筆預計將淨71.112億美元，該股票將用於購買比特幣。

The company is selling 8.5 million shares of the new offering, called Strife (STRF), at $85 each, giving it a net $711.2 million for bitcoin purchases. That's up from an initial target of $500 million. The sale ends later Tuesday.

該公司正在出售850萬股新產品，稱為衝（STRF），每股85美元，淨額為71.112億美元，用於購買比特幣。這是最初的目標5億美元。銷售結束於週二晚些時候。

Strategy's earlier preferred issuance, Strike (STRK), initially raised $563 million.

戰略先前的首選發行罷工（Strk）最初籌集了5.63億美元。

A perpetual preferred stock sits between debt and common equity in the capital structure, typically offering dividends and greater price stability. That makes it appealing to investors seeking lower volatility and more predictable returns. Unlike owners of common stock, holders do not get voting rights.

永久優先股是資本結構中的債務和共同股權之間，通常提供股息和更高的價格穩定性。這使其對尋求較低波動性和更可預測回報的投資者有吸引力。與普通股所有者不同，持有人沒有獲得投票權。

STRF pays a 10% annual dividend on a $100 stated amount, with payments made quarterly in cash. If Strategy misses a dividend, the amount compounds at an additional 1% a year each up to a maximum 18% dividend rate, creating an incentive for timely payments.

STRF以100美元的規定金額支付10％的年度股息，每季度以現金付款。如果策略錯過了股息，則該金額每年增加1％，最高為18％的股息利率，從而激勵及時付款。

Strategy may redeem all STRF shares if fewer than 25% of the original issuance remains or under certain tax events, in which case shareholders would receive the liquidation preference plus any unpaid dividends. Additionally, in the event of a “fundamental change,” holders can force the company to repurchase their shares at the stated amount plus any accrued dividends.

策略可以贖回所有STRF股份，如果剩下的原始發行量不到25％或在某些稅收事件下，在這種情況下，股東將獲得清算優先股以及任何未付股息。此外，如果發生“基本變更”，持有人可以迫使該公司以規定的金額以及任何應計股息回購其股票。

Lower dividends from STRK

從Strk降低股息

In contrast, STRK offers an 8% annual dividend based on its $100 liquidation preference, though the effective yield declines as STRK’s price rises. Unlike STRF, STRK includes a conversion feature, allowing holders to swap their preferred shares into common stock at a 10:1 ratio if the common share price reaches $1,000, offering equity upside. That means the new issue functions even more as a fixed-income security, making it the less volatile of the two.

相比之下，Strk根據其100美元的清算偏好提供了8％的年度股息，儘管隨著Strk的價格上漲的有效收益率下降。與Strf不同，Strk包括轉換功能，允許持有人以10：1的比率將其首選股票交換為普通股，如果普通股價格達到1,000美元，提供了股票上漲空間。這意味著新問題的功能更加作為固定收益安全性，使其在兩者中的波動較小。

While STRK may appeal to investors looking for a blend of yield and potential capital appreciation, STRF is clearly aimed at those prioritizing income and capital stability. To support these dividend payments, Strategy will rely on a combination of operational cash flow, proceeds from convertible debt offerings and at-the-market (ATM) share sales on the common stock.

儘管Strk可能會吸引尋求收益率和潛在資本增值融合的投資者，但Strf顯然是針對那些優先考慮收入和資本穩定的人。為了支持這些股息付款，策略將依靠運營現金流的結合，可轉換債務產品和市場上的股票（ATM）股票銷售額的收益。

Strategy also has an open ATM program in place for STRK, recently purchasing 130 BTC, and has about $3.57 billion remaining on its ATM capacity through the common stock, giving it significant flexibility to fund dividend commitments while continuing to pursue its bitcoin accumulation strategy.

策略還針對Strk制定了開放的ATM計劃，最近購買了130 BTC，並且通過普通股剩餘的ATM容量剩餘約35.7億美元，在繼續追求其比特幣積累策略的同時，具有很大的靈活性來資助股息承諾。

The company's shares rose more than 10% on Monday, by which point it held 506,137 BTC.

該公司的股票在周一上漲了10％以上，到了506,137 BTC。