Overview

• Strategy announced a $4.2 billion at-the-market program for its Series A Stride Preferred Stock on July 7 to boost its treasury funding
• The offering follows the first one-week suspension of its weekly Bitcoin purchases since April 14
• The firm holds about 597,325 BTC, valued at over $65 billion and representing roughly 2.8% of total Bitcoin supply
• In Q2 Strategy added nearly $7 billion in Bitcoin and reported $14.05 billion in unrealized gains
• The STRD stock, described by Michael Saylor as long-duration, high-yield and over-collateralized, will also support dividends on its STRK and STRF preferred shares