Strategy lifts latest preferred stock sale to $2B for more Bitcoin buys

Strategy intends to grow its caller preferred equity offering to $2 cardinal from $500 million, Bloomberg News reported connected July 24.

The upsized woody comes arsenic the Michael Saylor-led steadfast leans further into purchasing further Bitcoin (BTC) amid a powerful, ETF-driven marketplace rally to caller all-time highs. The institution has created multiple stock classes to substance its BTC accumulation.

The Series A Perpetual Stretch preferred shares were priced astatine $90 apiece astatine noon Eastern Time connected Thursday and transportation an archetypal 9% dividend, the study said. The financing, which includes 5 cardinal preferred shares, is being underwritten by Morgan Stanley, Barclays, TD Securities and Moelis & Co.

Strategy’s communal banal (MSTR) was small changed connected the day, hovering astir $413. Shares person gained 37% twelvemonth to day and much than 146% implicit the past 12 months, lifting the company’s marketplace worth to astir $116 billion.

The company’s equity continues to determination mostly successful measurement with Bitcoin, which was trading astir $119,109 arsenic of property clip aft posting a bid of grounds highs since 2024 connected the backmost of surging organization flows into spot exchange-traded funds, expanding regulatory acceptance and rising firm treasury demand.

Since adopting its Bitcoin-first treasury play successful 2020, Strategy has amassed 607,770 BTC, leaving it the largest nationalist firm holder of the plus by a wide margin.

Industry tallies amusement the apical 100 publically traded Bitcoin treasury companies clasp 917,599 BTC; successful total, nationalist companies ain 918,108 BTC, with Strategy representing astir 66% of that figure.

The playbook has dispersed astir the world, starting with Metaplanet, which present holds implicit 13,000 BTC. The fig of nationalist firms present holding Bitcoin has grown from a fistful to much than 100, cumulatively accounting for astir 3% of the full BTC supply.

Bitcoin miners person besides stepped up accumulation: MARA Holdings is present the second-largest firm holder with 50,000 BTC, portion Riot Platforms, CleanSpark ,and Hut 8 are besides among the apical 11 firm treasuries.

Strategy’s enlarged preferred rise underscores however aggressively it intends to support buying Bitcoin, adjacent arsenic its ain banal already acold outpaces large equity benchmarks. Whether others tin lucifer that hazard tolerance arsenic Bitcoin’s rhythm matures volition beryllium the adjacent trial for the corporate-treasury-as-Bitcoin thesis.

The station Strategy lifts latest preferred banal merchantability to $2B for much Bitcoin buys appeared archetypal connected CryptoSlate.