Strategy Secures $711M in Expanded Stock Offering to Boost Bitcoin Holdings
Strategy (MSTR) is preparing for another major bitcoin acquisition after closing an upsized preferred stock offering.
The company sold 8.5 million shares of its 10% Series A Perpetual Strife Preferred Stock at $85 per share, raising approximately $711.2 million—far exceeding its initial $500 million goal.
This new issuance differs from the prior STRK series by offering a higher 10% coupon rate and excluding any common stock conversion feature.
With more than 499,200 bitcoin already in its reserves, this additional funding is expected to push Strategy’s total holdings beyond 500,000 tokens.
In premarket trading, MSTR shares have slipped slightly below $300, while bitcoin remains stable at $84,000.
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