Strategy Could Expand Bitcoin Holdings Through $2.5 Billion Preferred Share Offering
Main Idea
Strategy raised $2.5 billion through a preferred shares offering to acquire 21,021 BTC, increasing its total Bitcoin holdings to nearly 629,000 coins, valued at over $74 billion.
Key Points
1. Strategy closed a $2.5 billion offering through STRC, a new class of perpetual preferred stock, to purchase 21,021 BTC at an average price of $117,256.
2. STRC is the first U.S. exchange-listed perpetual preferred security issued by a Bitcoin treasury company that pays monthly dividends.
3. The STRC shares pay floating monthly dividends starting at 9%, targeting retail income investors and offering compliance-friendly yield products.
4. Strategy's total Bitcoin holdings now stand at 628,791 BTC, nearly double the next largest treasury.
5. The capital raise signals strong institutional demand for Bitcoin exposure through structured financial products, reducing spot market volatility.
Description
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