Strategy Upsizes Stock Offering to $1 Billion for Bitcoin Expansion

On June 6, Michael Saylor, Chairman of Strategy, confirmed that the company had increased the size of its stock offering from $250 million to $1 billion. This offering involved 11,764,700 shares of 10.00% Series A Perpetual Stride Preferred STRD Stock, priced at $85.00 per share. The settlement for this offering is scheduled for June 10, 2025, pending standard closing requirements. The proceeds from this offering will be used for general corporate purposes, including new Bitcoin acquisitions and working capital. This move underscores Strategy's commitment to expanding its Bitcoin holdings and strengthening its financial position.

Strong investor interest has driven Strategy to significantly upsize its stock offering from $250 million to $1 billion. The company expects to raise approximately $979.7 million in net proceeds from this offering. The dividends on the STRD Stock are non-cumulative and will pay 10.00% annually if declared, with payments occurring quarterly beginning September 30, 2025. The company's board has the flexibility to withhold dividends without future obligations to pay the missed amounts, ensuring financial flexibility while rewarding investors when profits permit.

STRD plans to allocate a significant portion of the raised funds to Bitcoin purchases. The firm has recently acquired 705 BTC worth $75.1 million, with an average purchase price of $106,495 per Bitcoin. This acquisition brings the current Bitcoin portfolio to 580,955 BTC. Michael Saylor has positioned Bitcoin as the core treasury asset, stating that it creates long-term economic value. The portfolio holds approximately 577 BTC with an average cost basis of $70,023. The Bitcoin strategy has generated significant returns, reflecting the company’s strong belief in Bitcoin as digital capital. Proceeds will also support general business needs, strengthening Strategy’s financial position and supporting working capital needs and corporate growth initiatives.

The STRD Stock includes built-in redemption rights triggered under specific conditions. Strategy may redeem the entire stock issuance if outstanding shares fall below 25% of the original offering. Certain tax events could also lead to early redemption. In either case, redemption amounts will match the liquidation preference of $100 per share plus unpaid declared dividends. Holders also gain protection during major corporate events. If a “fundamental change” occurs, shareholders can demand repurchase at the stated amount plus unpaid dividends. This gives holders added security in volatile or uncertain business environments. The daily liquidation preference will adjust automatically, depending on the highest value between the stated amount, the recent sale price, or the 10-day average price.

Leading financial institutions have backed the offering, including Barclays, Morgan Stanley, Moelis & Company, and TD Securities as joint book-running managers. Co-managers include Clear Street, AmeriVet Securities, Bancroft Capital, Keefe, Bruyette & Woods, and BTIG. These institutions reflect the depth of financial trust in Strategy’s capital initiatives. Michael Saylor has repeatedly emphasized Strategy’s dual focus: expanding Bitcoin reserves and delivering enterprise-grade analytics. The STRD Stock fits into a broader portfolio of securities, offering various levels of exposure to Bitcoin. This financial structure aims to attract diverse investor profiles. Strategy remains registered with the U.S. SEC and complies with all federal requirements. The offering operates under an active shelf registration with the SEC, with relevant documentation available online or via underwriting firms.

Strategy continues to grow as a dominant force in the digital asset sector. Through intelligent capital raising and Bitcoin acquisition, it has maintained a clear edge in treasury innovation. Michael Saylor’s leadership plays a central role in shaping this trajectory. The STRD Stock provides flexible investor options with potential returns linked to declared dividends and capital appreciation. Strategy’s transparent structure and firm market positioning offer investors a clear view into its long-term vision. As the company continues accumulating Bitcoin and refining its equity strategies, the financial markets may see similar innovative offerings in the near future.