Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13286
Markets: 104052
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13286
Cryptocurrencies
63.28%
Bitcoin Share
ZyCrypto 2025-06-03 21:37:29

Strategy Plans To Raise $250 Million Via Preferred Stock Sales To Fuel Stunning Bitcoin Buying Spree

Strategy Plans To Raise $250 Million Via Preferred Stock Sales To Fuel Stunning Bitcoin Buying Spree

Bitcoin giant Strategy wants to raise fresh capital by selling shares of preferred stock, with the proceeds earmarked for additional Bitcoin purchases. In a Monday filing with the Securities and Exchange Commission, the company said it intends to sell 2.5 million shares of its 10% Series A Stride Preferred Stock (STRD). The offering will be listed on the Nasdaq, with each share initially priced at $100, offering “institutional investors and select non-institutional investors” a 10% annual dividend yield. “Strategy intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of bitcoin and for working capital,” the company said in an official statement. The STRD offering marks Strategy’s third preferred stock issuance this year following its Strike (STRK) and Strife (STRF) offerings, in addition to its effort to raise $84 billion — a combination of both equity and debt — to fund future Bitcoin buys. STRK and STRF are convertible preferred stocks that offer a yield of 13% and 10%, respectively. Strategy is currently the world’s largest corporate Bitcoin holder after accumulating 580,955 BTC , currently valued at over $61 billion at current market prices. In the Monday announcement, Strategy also pointed out under what circumstances it can redeem the STRD shares. “Strategy will have the right, at its election, to redeem all, but not less than all, of the STRD stock, at any time, for cash if the total number of shares of all STRD stock then outstanding is less than 25% of the total number of shares of STRD stock originally issued in the offering and in any future offering, taken together,” it stated. Strategy’s plan of stockpiling Bitcoin has caused the company’s stock price to grow by more than double during the past year. As such, many publicly listed companies around the world have been mulling the possibility of becoming crypto treasury companies after witnessing the success of Strategy’s Bitcoin playbook. Bitcoin was recently changing hands around $106,613, a 2.4% increase over the past 24 hours, according to crypto data provider CoinGecko . Late last month, the top crypto climbed to an all-time high of almost $112,000 before erasing some of those gains.

Most Read News

Moralis Money
Market Cap
24h Vol
63.28%
Bitcoin Share
592
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.