Strategy, well known for holding a massive stash of Bitcoins, has raised its target preferred stock issue to $2 billion—four times the initial goal of $500 million. The Series A Perpetual Stretch preferred shares were sold at $90 a piece, providing an initial 9% dividend, and underwriting support came from top-tier institutions such as Morgan Stanley, Barclays, TD Securities, and Moelis & Co., Bloomberg reported.
This hostile capital raising indicates Strategy’s continued focus on building its Bitcoin reserve, days following the initial news of the company’s preferred equity offering. Initially slated to come in between $90 and $95 per share, the revised number indicates impressive investor demand.
Strategy’s stock (MSTR) moved steadily at about $413 on Thursday. The company’s shares have generated solid returns up 37% in 2025 to date and more than 146% over the last year propelling its market cap to about $116 billion. MSTR has easily outperformed both the S&P 500 and its tech sector, each up about 17% over the last year, based on Fidelity data.
The stock’s rally has tracked Bitcoin’s meteoric rise closely, propelled by ETF inflows, regulatory tailwinds, and growing institutional adoption. Strategy continues to be the biggest institutional corporate Bitcoin holder, holding close to 66% of the 918,000 BTC held by all publicly traded companies combined.
The company’s action has inspired others. Tokyo-based AI company Quantum Solutions will purchase 3,000 BTC in the course of a year, treating the currency as a strategic reserve. Mining companies like MARA Holdings, Riot Platforms, and CleanSpark are also building their Bitcoin reserves, echoing the increased corporate Bitcoin treasuries in 2025.
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Source: https://thenewscrypto.com/strategy-raises-2b-to-expand-bitcoin-treasury-reserves/