Strategy Leverages Preferred Stock Issuance for $2 Billion Bitcoin Buy

Strategy unveiled its largest Bitcoin acquisition successful astir a period connected Monday, channeling billions of dollars into the integer plus arsenic its flagship preferred banal crossed its ex-dividend date.

Investors had until past Friday to acquisition Stretch (STRC), which presently offers an 11.5% yearly dividend, to person the product’s adjacent monthly currency distribution. Amid heightened demand, the institution issued astir $2 cardinal worthy of preferred shares.

With a burst of caller capital, the Tysons Corner, Virginia-based steadfast scooped up 24,869 Bitcoin for $2 cardinal past week—Strategy’s largest acquisition successful astir a month. The determination expanded the company’s holdings to 843,738 Bitcoin, a sum precocious valued astatine $64.4 billion.

Scrutiny toward Strategy’s reliance connected STRC arsenic a mode to substance purchases intensified earlier this twelvemonth arsenic Bitcoin plunged to an 18-month low. However, the company's latest acquisition shows enactment tied to the dividend-paying merchandise is becoming progressively routine.

The past clip Strategy purchased arsenic overmuch Bitcoin, the institution had conscionable raised astir $2.2 cardinal via STRC. The preferred banal is engineered to commercialized adjacent its $100 par value, and erstwhile it trades supra that threshold, Strategy tin turn its holdings by issuing caller shares. The institution is presently seeking to shift STRC to a bimonthly dividend cadence.

The Bitcoin-buying firm’s shares precocious changed hands astatine $163.58, a much than 7% decrease, according to Yahoo Finance. Over the past month, the company’s banal terms has risen astir 2%, outpacing Bitcoin’s 0.4% ascent implicit the aforesaid period.

The starring cryptocurrency by marketplace capitalization was valued astatine $76,361, falling much than 2% implicit the past day, according to CoinGecko. Earlier this month, the integer plus climbed arsenic precocious arsenic $82,500, its highest constituent since its double-digit descent successful February.

Bitcoin Slides Under $77K arsenic Crypto Liquidations Top $672M Amid Bond Sell-Off

On Monday, STRC was valued astatine $99.29, aft dropping arsenic debased arsenic $99.02 the erstwhile trading day. In the run-up to the preferred stock’s ex-dividend date, STRC stayed pinned astir its $100 threshold for 5 consecutive days, alongside an uptick successful issuance.

Meanwhile, Strategy CEO Phong Lee highlighted the firm’s treasury operations, including a “BTC Gain” of $6.6 cardinal year-to-date. The metric measures however overmuch further Bitcoin the institution has acquired compared to the dilution of issuing caller shares.

In Strategy’s 2025 fiscal year, the institution recorded a BTC Gain of 101,873 Bitcoin, a sum precocious valued astatine $7.8 billion. Lee added successful an X post, “Digital recognition is helping america present faster maturation successful 2026 than successful 2025.”