Strategy pushes Bitcoin stash over $69B, raises STRC dividend to 10% amid criticism

Strategy, the concern quality steadfast formerly known arsenic MicroStrategy, has reinforced its Bitcoin presumption with different ample purchase.

In a Sept. 2 filing with the US Securities and Exchange Commission (SEC), the institution reported acquiring 4,048 BTC for $449.3 million, paying an mean of $110,981 per coin.

The determination lifts Strategy’s full Bitcoin equilibrium to 636,505 BTC, obtained astatine a combined outgo of $46.95 billion, oregon astir $73,765 per coin. At existent marketplace prices, that stash is valued astatine $69.24 billion.

According to Bitcoin Treasuries data, the firm’s holdings present correspond conscionable implicit 3% of Bitcoin’s maximum supply, giving Strategy 1 of the largest firm positions successful the asset.

Following this purchase, Strategy announced that it had adjusted the dividend complaint connected its STRC preferred stock, raising the yearly payout from 9% to 10%. The security, launched successful July, is non-convertible and designed to present variable-rate income.

‘Reduced leverage’

The latest woody was financed done a premix of communal and preferred banal offerings.

According to the filing, Strategy sold 1.24 cardinal shares of its Class A communal banal for $425.3 million. The institution raised the $46.5 cardinal equilibrium done its preferred stock programs, including STRK, STRF, and STRD.

Strategy Bitcoin Fundraising (Source: Strategy)

This imbalance drew disapproval from abbreviated seller James Chanos, who has publically stake against the firm.

Chanos argued that the dense reliance connected communal banal suggests investors stay wary of the preferred offerings, which are structured for income seekers and higher-risk participants.

He wrote:

“MSTR continued to REDUCE its leverage this past week. 90% of its securities sold was from the communal equity ATM.”

Despite Chanos’s claim, Strategy has already raised $5.6 cardinal successful 2025 done the archetypal nationalist offerings of these securities. Notably, the IPOs relationship for 12% of each US archetypal nationalist offerings this year.

Considering this, Strategy’s supporters proceed to reason that determination is simply a important request for these assets successful the market.

The station Strategy pushes Bitcoin stash implicit $69B, raises STRC dividend to 10% amid criticism appeared archetypal connected CryptoSlate.