MicroStrategy Boosts Preferred Stock Sale to $2B to Expand Bitcoin Holdings

MicroStrategy (MSTR), the largest corporate holder of Bitcoin led by Michael Saylor, has increased its preferred stock offering (STRC) to $2 billion, according to Bloomberg. The move marks a major jump from its initial $500 million plan announced earlier this week, where the company intended to issue 5 million shares at $100 each.

The STRC shares, referred to internally as “stretch,” are designed to provide investors with a regular dividend, initially set at 9%. Bloomberg reports the shares are expected to be priced at $90, slightly below the previously targeted $100 level.

The expanded offering signals MicroStrategy’s continued aggressive strategy to acquire more Bitcoin amid relatively stable market conditions. Bitcoin has been trading tightly around $118,000, with MicroStrategy’s common stock showing little movement despite the news.

MicroStrategy already holds more than 607,000 BTC, valued at approximately $72 billion, according to data from bitcointreasuries.net. The new capital infusion from the STRC sale is expected to further boost its ability to purchase additional Bitcoin and strengthen its position as the world’s largest corporate Bitcoin holder.

This development underscores how traditional corporate financing tools like preferred stock are increasingly being leveraged to fund cryptocurrency accumulation, a trend closely watched by both institutional investors and the crypto market.