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Michael Saylor's Strategy Boosts Latest Preferred Share Raise to $2B From $500M: Bloomberg
The company announced the STRC offering on Monday, originally planning to issue 5 million shares at $100 each.
Updated Jul 25, 2025, 2:07 p.m. Published Jul 24, 2025, 4:48 p.m.
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What to know:
- Strategy (MSTR) increased its STRC ("stretch") preferred stock offering Stretch to $2 billion, Bloomberg reported.
- The initial plan was to issue 5 million shares at $100 each, totaling $500 million.
- Pricing is currently expected to be $90 per share, the bottom of the marketed range, according to the report.
Strategy (MSTR), the world's largest corporate bitcoin holder helmed by Michael Saylor, has lifted the size its preferred stock offering STRC to $2 billion, Bloomberg reported on Thursday.
That's a significant raise from the original plan of issuing 5 million shares for $100 $100 each for a total of $500 million announced on Monday. STRC (dubbed "stretch" by the company) aims to deliver a regular dividend to investors, initially set at a 9% rate.
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According to the Bloomberg report, the firm is poised to price the shares at $90, a discount to the hoped-for $100.
MSTR common stock is little-changed on the day as bitcoin continues in a very tight range around the $118,000 area.
This latest preferred offering will provide more buying power for the company to acquire BTC. Strategy currently holds over 607,000 BTC, worth roughly $72 billion, per bitcointreasuries.net.
Read more: Strategy Aims to Raise Another $500M for Bitcoin Buys With New Preferred Series
