Strategy Raises $711M in Expanded Offering, Poised for Bigger Bitcoin Bet
Strategy (MSTR) is preparing for another significant bitcoin acquisition after completing an upsized preferred stock sale.
The company issued 8.5 million shares of its 10% Series A Perpetual Strife Preferred Stock at $85 each, securing approximately $711.2 million—well above its initial $500 million target.
Unlike the previous STRK issuance, this latest offering comes with a higher 10% coupon rate and does not include a common stock conversion feature.
With existing bitcoin holdings exceeding 499,200 tokens, this fresh capital injection is expected to push Strategy’s total reserves beyond the 500,000 mark.
In premarket trading, MSTR shares have edged slightly lower to just under $300, while bitcoin remains stable at $84,000.
