Bitcoin giant Strategy, led by Michael Saylor, is preparing to tap investors through a fresh public stock offering that could inject $500 million into its crypto war chest.
The move would see the company list a new class of preferred shares, dubbed STRC, each priced at $100.
The funds are earmarked primarily for more Bitcoin acquisitions, though a portion will cover general operations. Strategy’s latest haul brought its BTC total to over 607,000 coins, underlining its continued push to dominate corporate crypto holdings.
The STRC shares—branded as “Stretch”—promise monthly dividends starting at a 9% annual yield. While the rate is adjustable, Strategy faces limits on how much it can reduce payouts. Shares may be redeemed by the company after listing, at $101 plus any due dividends.
Morgan Stanley, TD Securities, and Barclays are underwriting the deal. Strategy’s stock (MSTR) ticked up slightly on the news, buoyed by confidence in its $14 billion unrealized Bitcoin profit.
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Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
Source: https://coindoo.com/strategy-plots-another-500m-stock-offering-to-grow-bitcoin-reserves/