TL;DR
- Strategy has raised $2.52 billion through its Variable Rate Series A Perpetual Stretch Preferred Stock and used the entire amount to buy 21,021 Bitcoin at an average of $117,256 per coin.
- This pushes the firm’s total Bitcoin stash to 628,791 BTC, worth around $46 billion.
- The company’s bold expansion shows how traditional capital markets and crypto can increasingly work hand in hand.
Strategy’s latest move adds another layer to its aggressive Bitcoin accumulation playbook. The new funds, secured through a heavily oversubscribed preferred stock offering, reflect robust institutional appetite for Bitcoin-linked assets in regulated stock markets. Investors were drawn to the promise of exposure to the world’s largest cryptocurrency without directly holding it, while still receiving a steady dividend payout.
Record Purchase Strengthens Treasury Reserves
The stock offering, priced at $90 per share for over 28 million shares, surpassed the original goal by more than five times. This underlines how mainstream investors are warming up to Bitcoin as a strategic asset for corporate treasuries. With a 25% yield on its holdings so far in 2025, Strategy shows no signs of slowing down its accumulation pace.
The preferred stock comes with a 9% annual dividend, adjustable every month to help keep its trading price stable. This flexibility makes it attractive to large investors who want to balance risk while gaining indirect Bitcoin exposure. If the market shifts dramatically, investors can force a buyback of their shares at stated value plus any unpaid dividends, which adds an extra safety net.
Institutional Backing Fuels Crypto Confidence
With top banks like Morgan Stanley and Barclays acting as joint bookrunners, Strategy’s latest capital raise highlights that some of Wall Street’s biggest names are willing to back innovative crypto treasury models. Michael Saylor, Strategy’s executive chairman, has repeatedly emphasized Bitcoin as “digital energy” and believes this approach will inspire more companies to follow suit.
This year alone, Strategy has gathered nearly $5 billion through Bitcoin-focused stock sales, reinforcing its leadership as the world’s largest corporate Bitcoin holder. While other firms test the waters with smaller buys, Strategy’s record-setting haul keeps raising the bar for corporate crypto treasuries everywhere.
As Bitcoin continues to prove its resilience and scarcity, more large companies could look to replicate this model to strengthen balance sheets and attract modern investors. Many analysts believe this trend will expand rapidly over the next few years, driving further innovation in crypto finance and traditional equity markets alike, while encouraging regulatory clarity worldwide and fostering wider adoption globally.
