Catenaa, Saturday, August 02, 2025- Strategy is quadrupling the size of its recently launched Series A Perpetual “Stretch” preferred stock offering to $2 billion up from an initial $500 million
This comes following a robust investor demand, according to Bloomberg.
The new Stretch shares are priced at $90 per share, a 10% discount to par, and carry a 9% cumulative dividend, adjustable monthly. The offering is Strategy’s fourth preferred equity program and is designed to bolster the company’s aggressive bitcoin acquisition strategy. Proceeds will be used to expand Strategy’s already massive BTC holdings.
Just last week, Strategy deployed $739.9 million from earlier share sales to purchase 6,220 bitcoin, pushing its total holdings to 607,770 BTC, currently worth more than $72 billion. That accounts for nearly 3% of bitcoin’s maximum supply of 21 million coins.
Morgan Stanley, Barclays, Moelis, and TD Securities are serving as bookrunners for the upgraded offering.
Stretch ranks above the company’s Strike (STRK), Stride (STRD), and common shares but remains subordinate to the Strife (STRF) preferred series and existing convertible debt.
Formerly known as MicroStrategy, the firm has positioned itself as the dominant corporate holder of bitcoin.
Brokerage TD Cowen this week projected Strategy could amass as much as 900,000 BTC by 2027 through its preferred-stock funding mechanism.
Strategy’s common stock last traded around $414, giving the firm a market capitalization of approximately $124 billion, The Block reported.
