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Strategy has initiated a $2.1 billion at-the-market offering of its Series A Perpetual Strife Preferred Stock (STRF) to fund its ongoing acquisition of bitcoin. This move is part of a broader plan to raise a total of $84 billion for bitcoin purchases, reflecting a significant trend among corporations to build bitcoin treasuries. Analysts predict that such efforts could add $330 billion to bitcoin holdings over the next five years.
Strategy has raised $2.521 billion by pricing 28 million shares of variable rate preferred stock, enabling the potential addition of 17,000 bitcoin to its treasury without diluting equity. TD Cowen maintains a bullish outlook on the company, with a buy rating and a price target of $680 per share.
Strategy, a cryptocurrency investment firm, has acquired 7,390 Bitcoin, but is now facing a lawsuit linked to its recent purchase. The legal action raises questions about the firm's operations and the implications for its investors.
Metaplanet CEO Simon Gerovich defends the company's bitcoin treasury approach, emphasizing long-term value creation despite recent share price declines. He highlights the company's substantial bitcoin holdings and asserts confidence in their strategy to achieve significant corporate growth in the future.
Strategy has purchased an additional 13,390 BTC for approximately $1.34 billion, increasing its total holdings to 568,840 BTC. The acquisitions were funded through sales of class A common stock and preferred stock, with the company now holding over 2.7% of Bitcoin's total supply, reflecting significant gains despite recent market volatility.
Strategy, formerly known as MicroStrategy, has purchased an additional 1,045 bitcoin for $110.2 million, increasing its total holdings to 582,000 BTC. The acquisitions were funded through the sale of its perpetual preferred stocks, and the company's total bitcoin investment now exceeds $40.8 billion, yielding significant paper gains.
Strategy has purchased an additional 4,020 bitcoins for approximately $427 million, bringing its total holdings to 580,250 BTC. The acquisition was funded through proceeds from recent stock sales, and the company continues to attract interest from other institutions looking to build bitcoin treasuries.
Strategy, formerly MicroStrategy, has established itself as a leading corporate proxy for Bitcoin in 2025 by raising $5.6 billion through preferred shares (STRK, STRF, STRC, STRD). While the performance of these shares varies, the company now holds over 632,000 BTC, representing 12% of U.S. IPO issuance, and highlights the growing investor interest in cryptocurrency-linked investments.
Strategy's ambitious $84 billion Bitcoin expansion plan has garnered support from Wall Street analysts, including Benchmark and TD Cowen, who reiterated buy ratings due to the company's strong market position and aggressive targets. The plan aims for a 25% Bitcoin yield and $15 billion in gains by 2025, with the company having already raised $28.3 billion and targeting an additional $56.7 billion over the next 32 months. Despite recent volatility, Strategy remains confident in its long-term strategy and the positive impact of increasing Bitcoin adoption.
Strategy has acquired an additional 3,081 bitcoin for $356.9 million, increasing its total holdings to approximately 632,457 BTC, valued at over $70 billion. The purchase was financed through proceeds from its at-the-market programs, emphasizing the company's strategy of leveraging preferred stocks for bitcoin acquisitions.