Michael Saylor’s firm Strategy has significantly expanded its Bitcoin treasury by purchasing 21,021 BTC—valued at approximately $2.4 billion—through proceeds from a new preferred stock sale. The preferred shares, listed as STRC and dubbed “stretch,” were originally expected to raise $500 million but drew nearly $2.5 billion from investors, far exceeding projections. STRC is structured to offer investors a 9% initial dividend and is set to begin trading on Nasdaq this Wednesday.
According to the official release, Strategy acquired the Bitcoin at an average price of $117,256 per BTC. This latest purchase brings the company’s total holdings to 628,791 BTC, now worth close to $74 billion at current market value. The move further solidifies Strategy’s dominant role in institutional Bitcoin accumulation and reflects its continued long-term bullish stance on digital assets. The STRC funding model also highlights growing investor interest in crypto-tied yield instruments through traditional financial channels.
You need to login in order to Like
Leave a comment