The strategy is preparing to sell up to $4.2 billion worth of STRC shares, according to documents filed with the U.S. Securities and Exchange Commission (SEC).
The company announced it plans to purchase Bitcoin with revenue from the sale.
According to a prospectus filed with the SEC, the strategy will provide STRC stocks, known as “Variable Rate Series A Permanent Preferred Stock” through five brokerage companies including TD Securities, Barclays Capital, Benchmark Company, Clear Street and Morgan Stanley. STRC shares transactions on the NASDAQ Global Select Market under the symbol “STRC”. The shares closed at $94.50 on July 30, 2025.
The company announced that these new share offerings will have the same terms as the more than 28 million STRC shares currently trading in the market, increasing the total offering size. The Equity Committee will have up to 2% of its sales revenue. Securities companies can sell shares over time through the “market sales” method.
It is said that the majority of revenue from sales will be used for Bitcoin investments, but the strategy described this step as part of a strategy that views digital assets as a long-term storage of value.
*This is not investment advice.