- Shares will accrue cumulative dividends at a fixed rate of 10% per year
- Strategy said dividend payments will begin on June 30, 2025
- To date, Strategy holds just under 500,000 Bitcoin, valued at over $40 billion
Strategy intends to offer five million perpetual preferred shares of the company’s Series A, $STRF, as it pursues additional Bitcoin purchases.
In a statement, Michael Saylor’s Strategy said it plans to use the proceeds for “general corporate purposes,” including “the acquisition of Bitcoin.”
The company noted that such purchases would be “subject to market and other conditions.”
According to the filing, the shares will accrue cumulative dividends at a fixed annual rate of 10%. Dividends are scheduled to be paid beginning June 30, 2025, “from funds legally available for their payment,” Strategy said.
Raising funds to buy Bitcoin
The announcement follows an earlier disclosure this month that Strategy also plans to issue and sell shares of up to $21 billion under its at-the-market (ATM) offering program.
By selling shares of its 8.00% Series A preferred stock, $STRK, Strategy said the additional capital would be used for general corporate purposes, including buying more Bitcoin.
This news also comes after a recent Bitcoin purchase disclosed yesterday.
In a post on X, Saylor said the company acquired 130 Bitcoin for $10.7 million at an average price of $82,981 per Bitcoin.
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
To date, Strategy holds 499,226 Bitcoin, valued at approximately $40.92 billion, according to SaylorTracker.com.
Longtime Bitcoin critic Peter Schiff replied to Saylor’s post, commenting: “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
Crypto prices fall
News of Strategy’s recent Bitcoin purchase and its share offering comes as broader crypto market prices have experienced a sharp decline.
At the time of publication, Bitcoin is trading around $81,000, a notable drop from its all-time high near $109,000 reached in January ahead of the inauguration of U.S. President Donald Trump.
Market conditions and geopolitical developments continue to influence prices, despite Trump signing an executive order in March to establish a Strategic Bitcoin Reserve.