Strategy, the rebranded identity of MicroStrategy, is preparing to raise up to $2.1 billion through the sale of preferred stock as part of its ongoing effort to grow its Bitcoin portfolio.
The move comes just as Bitcoin reaches new heights, momentarily touching $111,861.
The company will gradually sell its 10% Series A perpetual preferred shares, traded as STRF on Nasdaq, under an open agreement with TD Securities, Barclays Capital, and The Benchmark Company.
The offering involves no set sales target, giving Strategy the flexibility to adjust based on market conditions. Each share carries a $100 liquidation preference and an annual dividend of 10%, subject to board approval.
Currently, Strategy holds 576,230 BTC acquired since 2020, now valued at nearly $64 billion — a significant premium over the original $69,726 average purchase price. Bitcoin now accounts for more than half of the company’s $111.4 billion market cap.
Proceeds from the share sale will be directed toward general business use and further Bitcoin purchases. The agents handling the sale will earn a fee of up to 2% of total proceeds. No funds will be escrowed.
With Bitcoin surging and Strategy doubling down, the company remains one of the most committed corporate Bitcoin holders in the world.
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