战略（NASDAQ：MSTR; Strk）宣布了计划提供其5,000,000股A系列股票优先股的股票。

计划的公共证券发行将根据1933年的《证券法》进行注册，并取决于市场条件。策略将利用此产品的收益来资助一般公司活动，例如收购比特币和运营资本。

MicroStrategy (Nasdaq:MSTR) has announced plans for a public offering of 5,000,000 shares of its Series A Perpetual Strife Preferred Stock.

MicroStrategy（NASDAQ：MSTR）已宣布计划公开提供其5,000,000股A系列A Verpetual Frife Preferred股票。

This offering will be registered under the Securities Act of 1933 and is subject to approval by the SEC and market conditions.

该发行将根据1933年的《证券法》进行注册，并得到SEC和市场条件的批准。

The company plans to use the net proceeds from the offering to fund general corporate activities, which may include Bitcoin acquisition and operational capital.

该公司计划将净收益从发行筹集资金来资助一般公司活动，其中可能包括比特币的收购和运营资本。

Each share of Series A Perpetual Strife Preferred Stock will generate 10.00% annual dividends based on the stated stock value. The company will commence making quarterly dividend payments in cash on June 30, 2025. Unpaid dividends will accrue at a rate of 10% per year and in the aggregate at the rate of 18%.

A系列的每股份额永久优先股将根据既定股票价值产生10.00％的年度股息。该公司将于2025年6月30日开始以现金进行季度股息付款。未付股息将以每年10％的速度产生，总计为18％。

The company possesses the exclusive right to redeem any outstanding shares of the perpetual strife preferred stock at a price of $100.00 per issued share plus declared but unpaid dividends. The perpetual strife preferred stock can only be redeemed when less than 25% of the issued shares remain outstanding or during specific tax-related events.

该公司拥有独家权利，可以以每股股票的100.00美元的价格兑换永久性争辩优先股的任何流通股，加上已宣布但无偿股息。只有在发行股份的不到25％的未偿还或在与税务相关的特定事件中，才能兑换永久性优先股票。

Furthermore, the preferred stock holders have the right to force Strategy to repurchase their shares when fundamental changes occur, such as a merger, consolidation or liquidation.

此外，优先股持有人有权在发生基本变化时强制策略回购其股份，例如合并，合并或清算。

This preferred stock has a specific liquidation value of $100 per issued share. However, the preferred stock trading price will determine the daily adjustment of this liquidation preference. The adjustment liquidation preference will be determined by the highest value of these three values: the stated value at $100 per share, the last reported sale price and the average of the last reported sale price in the last ten trading days.

该优先股的特定清算价值为每股100美元。但是，首选的股票交易价格将决定该清算偏好的每日调整。调整清算偏好将由这三个值的最高值确定：所述价值为每股100美元，最后一个报告的销售价格和最近十盘销售日的最后一个报告的售价的平均值。

Strategy aims to utilize these proceeds to fund its Bitcoin acquisition strategy. This strategic move showcases the company’s long-term commitment to Bitcoin as a core asset and store of value. Additionally, the offering provides investors with an opportunity to earn a stable income from dividends.

战略旨在利用这些收益来资助其比特币采集策略。这一战略举动展示了该公司对比特币作为核心资产和价值存储的长期承诺。此外，该产品为投资者提供了从股息中获得稳定收入的机会。

Morgan Stanley & Co. LLC, Barclays Capital Inc., Citigroup Global Markets Inc. and Moelis & Company LLC will serve as joint book-running managers for the offering.

Morgan Stanley＆Co。LLC，Barclays Capital Inc.，Citigroup Global Markets Inc.和Moelis＆Company LLC将担任该产品的联合书籍经理。

The company previously filed a shelf registration statement with the Securities and Exchange Commission, which allows businesses to proceed with the offering through a prospectus supplement framework.

公司此前曾向美国证券交易委员会（Securities and Exchange Commission）提交了货架注册声明，该声明允许企业通过招股说明书补充框架进行发行。

Strategy’s issuance of preferred shares helps the company to reinforce its capital structure and maintain its strategic flexibility for future decisions. The preferred stock option allows the company to operate independently to continue its Bitcoin-oriented mission.

战略发行优先股有助于公司加强其资本结构，并保持其对未来决策的战略灵活性。首选股票期权允许该公司独立运营以继续其面向比特币的任务。

This move may also impact how the company handles takeover defenses as preferred shareholders could obtain extra rights which will further complicate acquisitions.

此举还可能影响公司处理收购防御能力，因为首选股东可以获得额外的权利，这将使收购更加复杂。