In a bold move that underscores the intensifying relationship between traditional finance and cryptocurrency, Strategy — the company formerly known as MicroStrategy — has just announced a significant offering. On Friday, they revealed plans to sell a staggering 28 million shares of their Series A Stretch Preferred Stock at an enticing $90 per share. This initial public offering (IPO) is expected to close by July 29, bringing with it anticipated net proceeds of around $2.474 billion after taking into account underwriting discounts and estimated expenses. But what does this mean for investors and the broader cryptocurrency landscape? Let’s dive into the details.
Strategy announces pricing of its Stretch Perpetual Preferred Stock ($STRC) Offering and upsizes the deal from $500 Million to $2.521 Billion. $MSTR https://t.co/MySRU4bZSA— Strategy (@Strategy) July 25, 2025
The implications of this offering stretch far beyond mere numbers. The capital raised will primarily fuel a dual purpose: enhancing strategic cryptocurrency acquisitions—such as Bitcoin—and meeting essential operational expenses. This round of financing comes with an attractive incentive for investors: a monthly dividend at a starting rate of 9% per annum based on a $100 base value, with payments commencing on August 31, pending board approval. Strategy has cleverly included clauses that allow for adjusting the dividend rate in line with market conditions, ensuring that they remain agile in the face of financial fluctuations. Should dividends be delayed, accumulated interest will accrue on any unpaid amounts, adding an additional layer of financial complexity.
Moreover, investors should note that Strategy holds the capability to buy back its preferred shares at $101 each along with any outstanding dividends after the shares officially take to a U.S. stock exchange. However, holders should keep in mind that for a buyback to occur, at least $250 million worth of shares must remain in circulation.
Last week marked a notable expansion in Strategy’s cryptocurrency endeavors as they added an impressive 4,225 BTC to their growing treasury. This acquisition, completed at a price of $472.5 million — or approximately $111,827 per Bitcoin — has further bolstered their ambitious goal of leveraging Bitcoin as a hedge against the looming threats of inflation and economic instability.
The Bitcoin 100 will fight to be in the Bitcoin 10. pic.twitter.com/RUlQpOQIwf— Strategy (@Strategy) July 24, 2025
This recent purchase brings Strategy’s total Bitcoin holdings to a jaw-dropping 601,550 BTC, acquired at an average price of $71,268 per coin, amounting to a staggering total investment of approximately $42.87 billion. The company is helmed by Executive Chairman Michael Saylor, a vocal advocate for Bitcoin and a pivotal figure in encouraging corporate interest in digital assets. Describing Bitcoin as “digital energy” and “economic immortality,” Saylor promotes a vision where Bitcoin serves as a fortress against financial risk and devaluation.
As a result of this aggressive accumulation strategy, MicroStrategy (now Strategy) has evolved into one of the central players in the ongoing Bitcoin narrative. But what does the market think? As of the latest close on July 25, shares of MicroStrategy Inc. (Nasdaq: MSTR) held steady at $414.92, showing no changes during regular trading hours. They experienced a slight dip in pre-market trading, down 2.3% to $405.37, signaling possible investor caution.
This stock remains volatile, exhibiting a striking 52-week high of $543.00 and a low of $102.40, reflecting the sensitivity of investors to fluctuations in Bitcoin’s price as Strategy continues its aggressive accumulation strategy. With a market cap hovering around $116.58 billion, it’s no surprise that the company is often viewed as a bellwether for Bitcoin’s market momentum.
The future certainly looks intriguing for both Strategy and the greater cryptocurrency market. As the company pushes forward with its preferred stock offering and bolsters its already substantial Bitcoin stash, there’s no telling what ripples this may create throughout the financial ecosystem. As developments unfold, keep your eyes peeled—this saga is just heating up. Are you ready to embrace the future of finance?
For ongoing updates on cryptocurrency news and market analysis, check out [CoinDesk](https://www.coindesk.com) and [CoinTelegraph](https://cointelegraph.com).