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Strategy Unveils $4.2 Billion Stride Preferred Stock Sale to Fund Bitcoin Purchases

The offering secures capacity for continued Bitcoin accumulation under the firm’s 42/42 capital plan.

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Overview

  • Strategy has filed to sell up to $4.2 billion of its 10% Series A perpetual Stride Preferred Stock (STRD) through an at-the-market program.
  • The firm paused its weekly Bitcoin buying for the first time since mid-April as it reallocates resources under the new offering.
  • It expects to report a second-quarter unrealized gain of $14.05 billion on its nearly 600,000-coin treasury after Bitcoin rose from about $82,000 to $108,000.
  • During Q2, Strategy generated $6.8 billion in net proceeds via preferred and common-stock ATM offerings and retains over $40 billion of remaining issuance capacity.
  • STRD is structured as a long-duration, high-yield, over-collateralized instrument aimed at yield-focused investors alongside existing STRK and STRF series.