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Redeemable Preferred Stock (Tables)
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Summary of Provisions from Initial Preferred Stock Offerings

 

 

Perpetual Strike Preferred Stock

 

 

Perpetual Strife Preferred Stock

 

Transfer Symbol on NASDAQ

 

STRK

 

 

STRF

 

Issuance Date

 

February 5, 2025

 

 

March 25, 2025

 

Initial Shares Issued

 

$

7,300,000

 

 

$

8,500,000

 

Dividend Rate Per Annum

 

 

8.00

%

 

 

10.00

%

Dividend Payment Method

 

Cash, class A common stock, or a combination of both

 

 

Cash

 

Dividend Payment Dates

 

Quarterly, if declared, in arrears on the last day of each calendar quarter

 

 

Quarterly, if declared, in arrears on the last day of each calendar quarter

 

Net Proceeds

 

$

563,226

 

 

$

710,873

 

Issuance Costs

 

$

20,774

 

 

$

11,627

 

Conversion Privilege

 

Convertible to class A common stock at any time

 

 

None

 

Initial Conversion Rate

 

0.1 shares of class A common stock per share of preferred stock

 

 

n/a

 

Public Offering Price

 

$80.00 per share

 

 

$85.00 per share