Overview

• Strategy boosted its STRC preferred stock offering from $500 million to $2.521 billion by pricing over 28 million shares at $90 each, a 10% discount to the $100 benchmark.
• The sale is expected to net $2.474 billion after expenses, with proceeds designated for further Bitcoin acquisitions and general corporate operations.
• July purchases totaling $1.212 billion raised Strategy’s holdings to 607,770 BTC, representing nearly 2.9% of Bitcoin’s supply and valued at over $70 billion.
• STRC carries a 9% annual dividend paid monthly in arrears, features SOFR-linked rate adjustments under guardrails and is callable at $101 per share plus accrued dividends.
• With $71.7 billion in Bitcoin assets against $11 billion in liabilities, Strategy’s equity-financed model underscores a low-leverage approach to institutional crypto treasury management.