- Strategy plans to issue 5 million STRC preferred shares paying 9% annually to fund operations and BTC.
- It recently acquired 6,220 BTC for US$739.8 million (AU$1.14 billion), paying an average of US$118,940 each.
- The firm now holds 607,770 BTC worth US$72 billion (AU$110.47 billion), around 3.05% of total supply.
Strategy has shared its plans to issue 5 million Series A variable rate perpetual preferred shares, under the name “STRC”, to support its corporate funding strategy, including future Bitcoin purchases. The newly proposed shares come with a 9% annual dividend on a US$100 (AU$153.44) par value, distributed monthly in arrears from 31 August. Michael Saylor shared a post on X confirming the acquisition.
The announcement followed Strategy’s latest Bitcoin buy, in which it acquired 6,220 BTC for US$739.8 million (AU$1.14 billion) during the week ending 20 July. The company paid an average price of US$118,940 (AU$182,467) per coin in the transaction.
With this addition, Strategy’s total Bitcoin holdings have reached 607,770 BTC, equating to about 3.05% of the roughly 19.9 million coins currently in circulation. The current market value of this portfolio stands at over US$72 billion (AU$110.47 billion).
Related: Trump Media Bets Big on Bitcoin with $2 Billion Treasury Play
Inside the Company’s Funding Model
Since its 2020 pivot away from software and into digital assets, Strategy has used a combination of debt and equity to fund its accumulation of Bitcoin. To date, it has spent approximately US$43.6 billion (AU$66.9 billion) acquiring BTC, with an average entry price of US$71,756 (AU$110,093) per coin.
This latest STRC issuance marks the company’s fourth preferred share class. The offering also comes as the company continues to track its Bitcoin yield – a metric introduced in 2024 to measure BTC holdings relative to diluted shares – which recently rose to 20.8% year-to-date.
Related: Michael Saylor Predicts Bitcoin to Reach $21 Million in 21 Years
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