Strategy's preferred equity offering, now targeting $2 billion, aims to bolster its Bitcoin holdings, which currently stand at 607,770 BTC valued at $72.4 billion.
Strategy has upsized its preferred equity raise from $500 million to $2 billion to support further Bitcoin acquisitions. The company holds 607,770 BTC valued at $72.4 billion, approximately 3% of Bitcoin's total supply. The new preferred stock, known as STRC, will be priced at $90 per share and offers a 9% annual dividend, with proceeds directed toward corporate purposes, including Bitcoin purchases.