Strategy Raises $2 Billion in New Preferred Stock Offering, Broadens Bitcoin Holdings
Business intelligence firm Strategy, known for its string ofߩ Bitcoin treasury services, reported an increase in its planned preferred stock sale, raising capital for further Bitcoin purchases.
The Series A Perpetual Stretch preferred shares, priced at $90 each today, carry a 9% initial dividend yield, according to Bloomberg citing an anonymous source.
Initially planned at $500 million, the offering has now reportedly grown to $2 billion. This update follows Bloomberg’s preliminary report earlier this week, initially forecasting a raised price band of $90-$95 per share. The finalized deal includes 5 million preferred shares.
Financial institutions including Morgan Stanley, Barclays, TD Securities and Moelis & Co. are serving as joint book-running managers for the deal.
Concurrent market movements saw Strategy’s common stock share price relatively stable throughout Thursday, consolidating around $413 as the announcement was made.
Facing robust demand, Strategy’s equity has surged over the past year, rallying ~37% year-to-date and approximately 146% year-over-year compared to a year ago. This performance has pushed the company’s market capitalization to roughly $116 billion.
Fidelity Research noted Strategy significantly outperformed both the S&P 500 Index and its information technology sector over the last twelve months, each rising by approximately 17%. The key driver is observed to be Bitcoin’s multi-record high journey since 2024, underpinned by increasing institutional investment via spot ETFs, regulatory formalization, and heightened corporate treasury allocation.
Strategy Dominates Corporate Bitcoin Holdings
Notably, Strategy continues to hold the position of largest Bitcoin treasury company by a considerable margin. Company-wide success has catalyzed wider adoption by corporate treasuries globally.
Industry research indicates the top 100 publicly listed Bitcoin treasury companies collectively hold approximately 917,599 BTC, constituting the entirety of public company holdings, which stand at 918,108 BTC. Notably, Strategy accounts for 66% of these public BTC reserves.
Recent corporate milestones include a significant 3,000 BTC acquisition plan by Quantum Solutions, a Tokyo Stock Exchange-listed Japanese AI firm. Bitcoin miners, exemplified by MARA Holdings, holding 50,000 BTC, also feature prominently in corporate holdings ranking.