22-7-2025 – Strategy unveiled plans Monday for an initial public offering of 5 million shares of its new “Stretch” preferred stock, targeting $500 million to fund additional Bitcoin acquisitions as the company’s digital asset holdings surpass $71 billion.

The variable-rate Series A Perpetual Stretch Preferred Stock (STRC) will trade at $100 per share on Nasdaq, representing the company’s fourth preferred stock offering designed to finance its aggressive Bitcoin accumulation strategy. Strategy intends to use proceeds for general corporate purposes, including Bitcoin purchases and working capital, according to the company’s official announcement.

The move comes as Strategy’s Bitcoin treasury strategy continues driving significant returns for shareholders. The company currently holds an unrealized $14 billion gain on its Bitcoin position, cementing its position as the largest corporate holder of the cryptocurrency. Strategy’s Bitcoin holdings have now topped 600,000 BTC, accumulated through a series of debt and equity offerings since 2020.

MSTR shares rose nearly 1% following the announcement, trading at $426.28 as investors continue backing CEO Michael Saylor’s Bitcoin-first corporate strategy.