Catenaa, Tuesday, July 22, 2025-Strategy (MSTR), the corporate bitcoin powerhouse formerly known as MicroStrategy, launched its fourth series of preferred stock dubbed ‘Stretch’ on Monday as it reported topping 600,000 BTC in holdings.
The new STRC stock, part of a planned IPO under the Securities Act of 1933, offers cumulative monthly dividends at a variable annual rate starting at 9% per share on a $100 base.
The offering seeks to raise capital for general corporate needs, notably to acquire more bitcoin.
This launch follows the firm’s $739.8 million bitcoin buy earlier that day, adding 6,220 BTC and boosting its total to 607,770 BTC.
Strategy has rolled out multiple preferred stock offerings in recent months—Strike (STRK), Strife (STRF), and Stride (STRD), each offering varying fixed dividends to attract investors.
These tools, in addition to the company’s ambitious “42/42” capital plan targeting $84 billion by 2027, aim to expand its bitcoin treasury while limiting common stock volatility.
“Stretch” preferred shares have no maturity date, but provide steady income and reduced exposure compared to common shares or direct bitcoin holdings, according to TD Cowen.
