Strategy’s 11.5% Dividend Preferred Faces Competition from BitMine’s $300M 9.5% Offering
STRC•Strategy sold 32 BTC earlier this year to fund its Series A perpetual preferred shares carrying an 11.5% dividend, while BitMine’s new 3 million-share $300 million preferred launch offers a lower 9.5% yield. This comparison may influence investor demand for Strategy’s high-yield preferreds in a staking-focused capital market.
1. Strategy’s Preferred Stock Structure
Strategy launched its Series A perpetual preferred stock carrying an 11.5% cumulative annual dividend and earlier this year sold 32 BTC—briefly pushing Bitcoin below $62,000—to secure funding for dividend obligations without liquidating asset reserves.
2. BitMine’s Competing Preferred Offering
BitMine filed to issue 3 million preferred shares at $100 each, raising $300 million with a 9.5% dividend to finance Ethereum acquisition, staking infrastructure expansion and ecosystem grants, creating a lower-yield alternative that could shift capital toward ETH-staking models.
