MicroStrategy Raises $2B Through Preferred Shares for 24,869 Bitcoin Purchase
MicroStrategy issued nearly $2 billion of preferred shares and used the proceeds to purchase 24,869 Bitcoin, expanding its total holdings to 843,738 coins valued at $64.4 billion. The firm’s STRC preferred stock offers an 11.5% annual dividend and the company reported a year-to-date BTC Gain of $6.6 billion.
1. Preferred Stock Issuance and Bitcoin Acquisition
MicroStrategy issued nearly $2 billion of STRC preferred shares around its ex-dividend date, channeling the proceeds into the purchase of 24,869 Bitcoin and increasing its total holdings to 843,738 coins, now valued at $64.4 billion.
2. Dividend Strategy and Treasury Gains
The STRC preferred shares carry an 11.5% annual dividend and trade near their $100 par value, enabling fresh issuance when trading above par. CEO Phong Lee highlighted a year-to-date BTC Gain of $6.6 billion and noted the firm’s 101,873-coin net gain in fiscal 2025 valued at $7.8 billion, while exploring a shift to bimonthly dividends.