{"id":83808,"date":"2025-07-25T15:35:52","date_gmt":"2025-07-25T15:35:52","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=83808"},"modified":"2025-07-25T15:35:52","modified_gmt":"2025-07-25T15:35:52","slug":"michael-saylors-strategy-expands-preferred-equity-sale-to-2-47-billion-to-buy-more-bitcoin","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=83808","title":{"rendered":"Michael Saylor\u2019s Strategy Expands Preferred Equity Sale To $2.47 Billion To Buy More Bitcoin"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Michael Saylor\u2019s Strategy Expands Preferred Equity Sale To $2.47 Billion To Buy More Bitcoin<\/a><\/p>\n

<\/div>\n

Strategy, the world\u2019s largest corporate holder of Bitcoin<\/a>, has officially<\/a> priced its initial public offering of 28,011,111 shares of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC Stock) at $90 per share. The offering is expected to generate approximately $2.474 billion in net proceeds, with settlement scheduled for July 29, 2025.\u00a0<\/p>\n

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JUST IN: Michael Saylor’s Strategy will raise $2.474 BILLION to buy more bitcoin pic.twitter.com\/xYTpioNcO0<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) July 25, 2025<\/a>\n<\/p><\/div>\n

Strategy confirmed the capital will be used \u201cfor general corporate purposes, including the acquisition of Bitcoin and for working capital.\u201d\u00a0<\/p>\n

This announcement follows Strategy\u2019s earlier disclosure<\/a> last week regarding the STRC IPO, which initially outlined a 5 million share offering. The company ultimately expanded the offering size in response to strong investor demand.\u00a0<\/p>\n

The STRC Stock offers a variable monthly dividend, beginning at an initial annualized rate of 9.00%, payable in cash and subject to monthly adjustment. While Strategy reserves the right to adjust this rate, reductions are tightly restricted by spread limits based on the one-month term SOFR rate. The company noted its intent is to \u201cmaintain STRC Stock\u2019s trading price at or close to its stated amount of $100 per share.\u201d\u00a0<\/p>\n

Compounded dividends will accrue if any regular dividends go unpaid, and Strategy holds redemption rights once the shares are listed on Nasdaq or NYSE. The stock may be redeemed at $101 per share, plus any unpaid dividends. Clean-up and tax-related redemptions are also allowed under specific conditions.\u00a0<\/p>\n

In the event of a \u201cfundamental change,\u201d STRC shareholders may require the company to repurchase their stock at $100 per share plus accumulated dividends.\u00a0<\/p>\n

The liquidation preference starts at $100 per share and will adjust daily to reflect the highest of three values: the stated amount, recent market prices, or the 10-day average.<\/p>\n

This goes along with Strategy\u2019s overall capital deployment plan, which centers around expanding Bitcoin reserves. Just last week, the firm disclosed a purchase<\/a> of 6,220 BTC for ~$740 million, pushing total Bitcoin holdings to 607,770 BTC\u2014currently valued at over $74 billion.\u00a0<\/p>\n

Morgan Stanley, Barclays, Moelis & Company, and TD Securities are acting as joint book-runners. Co-managers include The Benchmark Company, Clear Street, AmeriVet Securities, Bancroft Capital, Keefe, Bruyette & Woods, and Maxim Group LLC.<\/p>\n

This post Michael Saylor\u2019s Strategy Expands Preferred Equity Sale To $2.47 Billion To Buy More Bitcoin<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Jenna Montgomery<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Michael Saylor\u2019s Strategy Expands Preferred Equity Sale To $2.47 Billion To Buy More Bitcoin Strategy, the world\u2019s largest corporate holder of Bitcoin, has officially priced its initial public offering of 28,011,111 shares of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC Stock) at $90 per share. The offering is expected to generate […]<\/p>\n","protected":false},"author":0,"featured_media":83809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-83808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/83808"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=83808"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/83808\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/83809"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=83808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=83808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=83808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}