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Strategy has announced plans to raise $500 million through a preferred stock offering to increase its Bitcoin reserves. The move is a testament to the company’s commitment to Bitcoin as a core part of its corporate strategy.
In a recent filing with the U.S. Securities and Exchange Commission (SEC), Strategy plans to issue 5 million shares of its 10.00% Series A Perpetual Preferred Stock at $100 per share, targeting gross proceeds of $500 million.
The company will use the net proceeds of the sale of the stock for general corporate purposes, including acquisitions of additional Bitcoins for its treasury. This follows Strategy’s approach of using capital markets to grow its Bitcoin holdings.
Current Bitcoin Holdings and Recent Activity
Strategy holds approximately 499,226 BTC, making the company the largest corporate holders of Bitcoin.
On March 17, 2025, Strategy announced the purchase of an additional 130 BTC for $10.9 million, at an average price of $82,981 per Bitcoin. The purchase proves the company’s ongoing confidence in Bitcoin’s long-term value despite market volatility.
Market Reacts to Strategy’s Aggressive Bitcoin Strategy
While Strategy has been on an aggressive Bitcoin buying spree, its stock has been volatile in its performance. Over the past three months, the company’s stock has declined by over 23%.
As of the latest trading session, Strategy’s stock is trading around $274.13, down from the previous day’s close.
Despite the short-term volatility, Strategy’s plan to raise $500 million to fund more Bitcoin buying reflects its sustained belief in cryptocurrency as a strategic asset.
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