- The shares will accrue cumulative dividends at a fixed rate of 10% per year
- Strategy stated that dividend payments will begin on June 30, 2025
- To date, Strategy holds just under 500,000 Bitcoin, valued at over $40 billion
Strategy plans to offer five million shares of its Series A perpetual strike preferred stock, ticker $STRF, as it seeks additional capital to purchase more Bitcoin.
In an announcement, Strategy said it intends to use the proceeds for “general corporate purposes,” including the acquisition of Bitcoin, while noting that any purchases would depend on market and other conditions.
The company confirmed these preferred shares will accrue cumulative dividends at a fixed annual rate of 10%. Dividends are scheduled to begin being paid out on June 30, 2025, subject to the availability of funds legally authorized for that purpose.
Raising funds to buy more Bitcoin
This announcement follows Strategy’s earlier disclosure that it may raise up to $21 billion through its at-the-market (ATM) program.
By selling shares of its 8.00% Series A perpetual strike preferred stock, $STRK, Strategy said it expects to raise additional capital for general corporate needs, including further Bitcoin purchases.
The update also comes after a recent small Bitcoin purchase reported by the company. In a post on X, Michael Saylor said Strategy acquired 130 Bitcoin for about $10.7 million, at an average price of $82,981 per coin.
Strategy has acquired 130 BTC for ~$10.7M at ~$82,981 per bitcoin and has achieved BTC Yield of 6.9% YTD 2025. As of 3/16/2025, we hodl 499,226 $BTC acquired for ~$33.1 billion at ~$66,360 per bitcoin. $MSTR $STRK https://t.co/8xRmR8vlIt
— Michael Saylor⚡️ (@saylor) March 17, 2025
As of the latest count, Strategy holds 499,226 Bitcoin, with an estimated value of $40.92 billion according to SaylorTracker.com.
Peter Schiff, a frequent Bitcoin skeptic, responded to Saylor’s post, asking: “Is that all you bought? Seems like you are running out of fire power.”
Is that all you bought? Seems like you are running out of fire power.
— Peter Schiff (@PeterSchiff) March 17, 2025
Market backdrop: crypto prices have fallen
Strategy’s share offering and recent Bitcoin purchase arrive amid a broader market downturn across cryptocurrencies.
At the time of publication, Bitcoin was trading near $81,000, a notable decline from the January peak around $109,000 reached ahead of the U.S. presidential inauguration.
Wider market conditions and geopolitical developments continue to influence crypto prices, even after the administration signed an executive order in March to establish a Strategic Bitcoin Reserve.