Michael Saylor Eyes More BTC with $980 Million Stock Offering

Strategy, the firm formerly known as MicroStrategy, is planning to raise nearly $1 billion to expand its Bitcoin holdings even further. The move comes through a preferred stock offering aimed at attracting investors with steady returns while continuing the company’s long-term focus on Bitcoin accumulation.

Good to know

• Strategy is offering 11.764 million shares of Series A Preferred Stock at $85 per share.
• The raise could bring in around $980 million, aimed in part at buying more Bitcoin.
• Strategy already holds 580,955 BTC, which is around 2.7% of the total Bitcoin supply.

Strategy has announced a new offering of 11.764 million shares of its 10% Series A Perpetual Stride Preferred Stock (STRD Stock) at a price of $85 per share. The company expects to raise approximately $980 million from the sale, which it plans to use for general corporate purposes and additional Bitcoin acquisitions.

Preferred shares often appeal to investors looking for more stable and consistent dividends. Unlike common shares, they usually do not come with voting rights, making them an effective way for companies to raise capital without diluting ownership.

Bitcoin focus continues under Saylor’s legacy

Co-founded by longtime Bitcoin advocate Michael Saylor, Strategy has positioned itself as a corporate leader in Bitcoin investment. The firm currently holds 580,955 BTC, valued at over $60.5 billion based on current prices. According to data from BitcoinTreasuries, the company’s average cost per Bitcoin is $40,680.

This stash gives Strategy control of roughly 2.7% of all Bitcoin in existence, cementing its place as the largest corporate holder of the asset. Just last month, Saylor said Strategy was doubling the amount of capital it aims to use for future Bitcoin purchases—from $42 billion to $84 billion.

With the preferred stock offering, Strategy is leaning into a type of equity that offers higher fixed returns without affecting voting power. This allows the firm to continue fueling its Bitcoin strategy while minimizing changes to corporate control.