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Strategy increases its “Stretch” preferred stock sale to $2.47 billion.
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Funds will be used to buy more BTC, adding to 607,770 BTC already held.
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New shares priced at $90 with a 9% annual dividend.
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Strategy could reach nearly 900,000 BTC by 2027.
Strong Demand Leads to Expanded Offering
Strategy, formerly MicroStrategy, has more than quadrupled the size of its Stretch Series A preferred share offering. Originally targeting $500 million, the firm will now raise $2.47 billion through the sale of 28 million shares at $90 each.
All Eyes on Bitcoin Accumulation
The proceeds will be used to acquire additional BTC, extending Strategy’s lead as the largest corporate bitcoin holder. The company currently holds 607,770 BTC, valued at over $72 billion. Analysts say this figure could grow to 900,000 BTC within two years.
A New Tier in the Preferred Share Stack
Stretch stock ranks above several of Strategy’s other preferred share classes. It offers a 9% annual dividend, paid monthly, and gives investors exposure to bitcoin-backed equity without direct crypto purchases.
