Bloomberg News, reported on July 24, plans to expand its new preferred stock offerings from $500 million to $500 million.
A booming deal comes as the Michael Saylor-led company leaps further towards buying additional Bitcoin (BTC) amid the new all-time high of a strong, ETF-led market rally. The company has created several equity classes to promote the accumulation of BTC.
Series A’s permanent stretch preferred stock is priced at $90 at $90 in east time at noon on Thursday, with a first 9% dividend, the report said. Funding, including 5 million preferred stock, is Morgan Stanley, Barclays, TD Securities, Moelis & Co.
Strategic Common Stock (MSTR) was hardly changed on the day, hovering around $413. The stock has earned over 37% and 146% per year over the past 12 months, increasing the company’s market value to approximately $116 billion.
The company’s equity continues to move primarily in stages, along with Bitcoin, which had traded around $119,109 at press time, after posting a string of record highs since 2024.
Since adopting Bitcoin First Treasury play in 2020, the strategy has accumulated 607,770 BTC, becoming the largest public holder of the assets.
The top 100 publicly available Bitcoin finance companies hold 917,599 BTC in the industry tally. In total, public companies own 918,108 BTC, with the strategy accounting for around 66% of that number.
The playbook starts with Metaplanet, which currently holds over 13,000 BTC, and spreads around the world. The number of public companies currently owning Bitcoin has increased from over 100 to over 100, taking cumulative accounts of almost 3% of the total BTC supply.
Bitcoin miners also strengthened their accumulation. MaraHoldings is currently the second largest corporate holder with 50,000 BTC, with Riot Platform, Cleanspark and Hut 8 also among the top 11 Corporate Treasury Ministry.
Strategy’s expanded priority raises highlight how aggressively it is intended to continue buying Bitcoin, despite its own shares already far surpassing its major equity benchmarks. Whether others match their risk tolerance at Bitcoin cycle maturity will be the next test of the financial papers of the company and finance.
