Strategy Launches $2 Billion Raise to Buy More Bitcoin

MicroStrategy is doubling down on its Bitcoin strategy with a massive $2 billion fundraising move. Originally planned at $500 million, the company expanded its offering after seeing strong investor demand.

The new offering introduces the “Series A Perpetual Stretch” preferred shares. Each will be sold for $90—a discount from the $100 face value. Despite the markdown, the shares come with an attractive 9% annual dividend.

Pricing will lock in today at noon Eastern Time, according to Bloomberg sources. The deal is being managed by four major firms: Morgan Stanley, Barclays, Moelis & Co., and TD Securities. A total of 5 million shares will be issued in this round.

Share structure prioritizes new buyers

These Series A shares sit above MicroStrategy’s Strike and Stride shares, and common stock. However, they remain junior to the company’s older Strife series and outstanding convertible notes. This structure gives new investors better protection than most previous issuances.

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Funds aimed at more Bitcoin accumulation

MicroStrategy plans to use all proceeds to buy more Bitcoin. The company continues its aggressive accumulation strategy, positioning itself as one of the most influential Bitcoin treasury holders globally.

Led by Executive Chairman Michael Saylor, the firm has repeatedly tapped capital markets to expand its BTC reserves. This latest $2 billion effort underscores a long-term bet on Bitcoin’s future and deepens MicroStrategy’s commitment to crypto dominance.

By expanding the raise and offering strong yield, MicroStrategy is sending a clear signal—it’s not done buying Bitcoin yet.