Nasdaq-listed firm Strategy has announced a significant move to raise new funds through the sale of a special class of stock. This step is part of its ongoing plan to invest heavily in Bitcoin (BTC). The deal is expected to be completed by July 29, and Strategy anticipates receiving approximately $2.47 billion after deducting fees and expenses. These funds will be used to support general business operations, including the purchase of additional Bitcoin and covering daily operational expenses. $2.47B Capital Raise Through Preferred Stock Offering In a recent press statement, Strategy shared plans to sell 28 million shares of its Series A Stretch Preferred Stock (STRC). Each share will be priced at $90 through an initial public offering (IPO). The new STRC Stock will pay investors a monthly dividend at a 9% yearly rate based on a $100 value per share. These payments are scheduled to begin on August 31, pending approval by the company’s board. Strategy also has the option to adjust the dividend rate depending on market conditions, but this will be done within set limits. If the company fails to pay dividends on time, interest will build on the missed payments. Once the STRC shares are listed on a U.S. stock exchange, Strategy can choose to buy back some. The company would pay $101 per share, along with any unpaid dividends. However, for any partial buyback, there must still be at least $250 million worth of STRC shares left. Strategy’s Massive Bitcoin Holdings Continue to Grow Strategy recently revealed it has acquired 6,220 Bitcoin units for about $739.8 million , at an average price of $118,940 per coin. This latest purchase was made between July 14 and July 20. This brings the company’s crypto total stash to 607,770 BTC, worth over $71 billion. This makes Strategy one of the largest corporate holders of Bitcoin in the world, outpacing Nvidia . This continued investment highlights Executive Chairman Michael Saylor’s strong belief in Bitcoin as a long-term store of value. Saylor views the top coin as “digital energy” and a shield against inflation and economic instability. His bold approach has encouraged many other companies to think about adding digital assets to their balance sheets. Market Response and Stock Performance As of July 25, Strategy’s Class A stock (MSTR) closed at $414.92. While there was no change during regular trading, pre-market trading showed a 2.30% dip, with the stock priced at $405.37. Notably, the stock has experienced significant fluctuations in the past year. Effectively, it reached a high of $543.00 and a low of $102.40. This illustrates how closely the company’s stock price is tied to the value of Bitcoin. Despite the volatility, Strategy boasts a market value of $116.58 billion. This makes it the most relevant Bitcoin stock in the market. The post Strategy Doubles Down on Bitcoin with $2.47B Preferred Stock Offering appeared first on TheCoinrise.com .
