In brief
Strategy announces pricing of its Stretch Perpetual Preferred Stock ($STRC) Offering and upsizes the deal from $500 Million to $2.521 Billion. $MSTR https://t.co/UhHyuAoQym
— Michael Saylor (@saylor) July 25, 2025
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$116,841.00
0.10%$4,578.60
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4.08%$116,800.00
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0.72%$1.00
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11.50%$0.00000044
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18.21%$116,806.00
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1.24%$0.00000097
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1.40%$4,580.36
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1.77%$0.00087191
-3.43%$0.133583
1.80%$58.04
0.43%$1.23
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2.68%$0.999536
0.05%$0.508297
0.61%$0.824295
-5.21%$0.139407
-0.51%$0.118265
-3.43%Reading
Michael Saylor’s Bitcoin treasury firm Strategy is boosting its preferred stock offering of Stretch (STRC) from 5 million shares to more than 28 million, creating an additional $2 billion in expected net proceeds to buy Bitcoin.
The additional shares will be sold at a price of $90, offering a 10% discount from the originally stated $100 per share when STRC was announced on Monday. The firm expects to net around $2.474 billion in proceeds from the sale of STRC shares.
Strategy announces pricing of its Stretch Perpetual Preferred Stock ($STRC) Offering and upsizes the deal from $500 Million to $2.521 Billion. $MSTR https://t.co/UhHyuAoQym
— Michael Saylor (@saylor) July 25, 2025
STRC joins a trio of other preferred stock offerings–STRK, STRD, and STRF–that Strategy has created this year, all offering different structures for specific investor risk profiles with proceeds going toward the firm’s relentless string of BTC purchases.
Shares of Stretch will offer a variable monthly dividend rate, starting at 9% for shareholders.
The Virginia-based firm now holds 607,770 BTC valued at more than $70 billion at today’s Bitcoin prices. After skipping a sale for the first time in 3 months in early July, it resumed its purchases of the top crypto asset on July 14 adding $472 million in BTC.
Earlier this week, it purchased an additional $740 million in Bitcoin, boosting its total stash to nearly 2.9% of the eventual 21 million Bitcoin supply in the process.
Saylor and company began buying Bitcoin in 2020 to generate improved returns for investors, kickstarting a trend of crypto treasury companies that has gone into a frenzied state since U.S. President Donald Trump took office in November.
According to data from Bitcointreasuries.net at least 159 publicly traded entities now maintain a Bitcoin treasury. But it’s not just Bitcoin, now publicly traded firms like SharpLink Gaming and BitMine Immersion Technologies are building massive treasuries of Ethereum, while others have created strategies to accumulate Solana and beyond.
Shares of Strategy (MSTR) are down 2% today as Bitcoin has fallen a similar amount in the last 24 hours to $115,655.
Last week, the firm set a record for a new all-time high market cap when its MSTR shares hit $455.90. It has since retraced to $406.49 as of Friday morning.
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