Michael Saylor’s Strategy (Nasdaq: MSTR) has announced a major expansion of its Bitcoin treasury operations through a new public offering of 2.5 million STRD shares, coinciding with a fresh $75 million BTC acquisition that demonstrates growing institutional adoption of cryptocurrency.
Strategic Expansion Through STRD Share Offering
The company plans to conduct an initial public offering of 2,500,000 STRD shares under its 10.00% Series A Perpetual Stride Preferred Stock program. This move comes as Strategy continues its aggressive Bitcoin acquisition strategy, having just purchased an additional 705 BTC for approximately $75 million.
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Key Details of the STRD Offering
- 10% annual dividend rate paid quarterly
- Non-cumulative cash dividends structure
- Quarterly payments scheduled for March 31, June 30, September 30, and December 31
- First payment scheduled for September 30, 2025
Latest Bitcoin Acquisition Analysis
The recent purchase of 705 BTC was executed at an average price of $106,495 per coin between May 26 and June 1, 2025. This strategic move brings Strategy’s total Bitcoin holdings to an impressive 580,955 BTC, maintaining its position as the largest corporate holder of Bitcoin.
Funding Structure and Market Impact
Strategy funded this acquisition through a sophisticated combination of preferred stock sales:
- 353,511 STRK preferred shares sold for $36.2 million
- 374,968 STRF preferred shares sold for $38.4 million
- Total raised: $74.6 million
FAQ Section
What is Strategy’s average Bitcoin acquisition price?
Strategy’s average acquisition price across all holdings is now $70,023 per Bitcoin.
How will the STRD shares be structured?
The shares will offer 10% annual dividends paid quarterly, with non-cumulative payments beginning September 30, 2025.
What happens if Strategy undergoes a fundamental change?
Shareholders will have the right to require Strategy to repurchase shares at the stated amount plus any declared and unpaid dividends.
This latest move by Strategy reflects the growing trend of institutional Bitcoin treasury adoption, as more public companies implement digital asset strategies in their corporate treasury operations.
