Strategy, the largest corporate holder of Bitcoin, announced plans to raise up to $4.2 billion through a new preferred stock series offering, just days after selling $2.5 billion of its STRC shares. The stock pays a 9% variable dividend aimed at maintaining price stability. The capital will likely be used to increase its Bitcoin holdings further.
The announcement came alongside a standout second-quarter earnings report. Strategy posted $10 billion in net income and $14 billion in operating earnings, fueled by a 30% surge in Bitcoin’s price during the quarter. Diluted EPS for Q2 stood at $32.60. CFO Andrew Kang confirmed that the firm’s BTC yield has already hit 25%—its full-year target—thanks to strategic accumulation and favorable market conditions.
With BTC gains exceeding $13 billion and a growing investor base, Strategy continues to double down on Bitcoin, cementing its position as a heavyweight in crypto-focused corporate treasury strategies.
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