Strategy, the largest corporate Bitcoin holder, raised its preferred equity sale amount to $2 billion to capitalize on strong investor demand. The company, led by Michael Saylor, intends to price Series A Perpetual Stretch preferred shares at $90 each, below their face value of $100, with a 9 percent initial dividend. Proceeds will be directed towards Bitcoin purchases, reinforcing its accumulation strategy. Strategy owns over 3% of all mined Bitcoin, totaling 607,770 BTC valued at approximately $72 billion, and has funded acquisitions through various financial instruments since 2020.
Michael Saylor's Strategy increased the size of its preferred equity sale to $2 billion to buy more bitcoin, reflecting strong investor demand.
The company plans to price its Series A Perpetual Stretch preferred shares at $90 each, with an initial 9 percent dividend.
Proceeds from the sale will go toward additional Bitcoin purchases, in line with Strategy's ongoing accumulation strategy.
Strategy owns over 3% of all Bitcoin ever mined, with total holdings of 607,770 Bitcoin valued at around $72 billion.
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