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17h ago

Strategy Upsizes Stretch Preferred Stock Offering to $2.47 Billion

It channels investor demand into adjustable preferred shares that fuel a relentless Bitcoin buying strategy

MicroStrategy Bitcoin
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Overview

  • Strategy increased its STRC issuance to 28,011,111 shares at $90 each, generating approximately $2.474 billion in net proceeds.
  • STRC shares carry a variable monthly dividend that starts at 9% and can be adjusted to keep the stock trading near its $100 par value.
  • Proceeds are designated for general corporate purposes, including bolstering working capital and purchasing additional Bitcoin.
  • The new funding lifts Strategy’s Bitcoin holdings to about 607,770 BTC, valuing its crypto treasury at roughly $70 billion.
  • Morgan Stanley, Barclays Plc, Moelis & Co. and TD Securities led the deal, underscoring strong institutional appetite for crypto-linked preferred securities.