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Strategy Announces $711M Stock Offering to Buy More Bitcoin
Strategy (NASDAQ: MSTR/STRK), formerly MicroStrategy, has announced the pricing of its latest public offering: 8.5 million shares of 10 percent Series A Perpetual Strife Preferred Stock at $85 per share. The company plans to launch the offering in the coming days and complete it by Tuesday, March 25, 2025.
With this public offering, Strategy expects to raise about $711.2 million. The company plans to use these funds to buy more Bitcoin and strengthen its working capital. The newly issued perpetual strife preferred stock will carry a fixed annual dividend of 10 percent.
Initially, Strategy aimed to raise $500 million by selling 5 million shares of this preferred stock. However, due to strong investor interest, the company decided to expand the offering.
Strategy’s Bitcoin Holdings Near Half a Million
As reported by Coinpedia, Strategy has been aggressively increasing its Bitcoin holdings over the past few months. Earlier this week, the company purchased 130 Bitcoins for $10.7 million, at an average price of about $82,982 per Bitcoin. This brings its total Bitcoin reserves to 499,226, which accounts for 2.37 percent of all Bitcoin in circulation.
Strategy’s founder and chairman, Michael Saylor, remains dedicated to accumulating as much Bitcoin as possible by leveraging global capital markets. His long-term vision has made Strategy one of the largest corporate Bitcoin holders.
More Companies Follow Strategy’s Lead
Strategy’s approach has influenced other companies to adopt Bitcoin as a key part of their financial strategy. As of now, 170 entities, including governments, private firms, and fund managers, hold about 3.1 million Bitcoins in their treasuries. Many see Bitcoin as a way to protect their assets from inflation and economic uncertainty.
With this latest capital raise, Strategy continues to solidify its position as a leader in corporate Bitcoin investment.