New Preferred Series Launched as Strategy Targets $500 Million More for Bitcoin Accumulation

Strategy Launches STRC Preferred Stock Offering to Raise $500M for Bitcoin Purchases

Strategy (MSTR) has introduced a new preferred stock offering — STRC, or “Stretch” — as part of its continued push to expand its already massive bitcoin holdings.

The offering seeks to raise $500 million through the sale of 5 million STRC shares at $100 each, with an initial 9% annual dividend yield. The new issuance adds to Strategy’s growing lineup of preferred shares, which already includes STRK, STRF, and STRD.

This latest move follows the company’s $736 million raise last week via its at-the-market (ATM) common stock program, also used to fund bitcoin acquisitions.

Strategy remains the dominant corporate holder of bitcoin, with more than 600,000 BTC on its balance sheet — worth over $72 billion at current market prices.

Shares of MSTR were largely unchanged in after-hours trading following the announcement.