Key Takeaways
- Strategy increases its preferred equity offering to $2 billion to buy more bitcoin.
- The company now holds 607,770 BTC, representing about 66% of public corporate holdings.
- More than 100 public companies and major miners are accumulating significant bitcoin reserves.
Strategy has announced an expansion of its new preferred equity offering, raising the target from $500 million to $2 billion.
This move highlights the company’s aggressive commitment to acquiring additional bitcoin as the market rallies to all-time highs, driven by increased institutional flows and expanding regulatory acceptance.
Details of the offering
According to Bloomberg News, the Series A Perpetual Stretch preferred shares are priced at $90 each, with an initial 9% dividend.
The financing involves 5 million preferred shares underwritten by Morgan Stanley, Barclays, TD Securities, and Moelis & Co. Strategy’s common stock (MSTR) remained steady around $413, up 37% year to date and 146% over the past 12 months, pushing the company’s market value to roughly $116 billion.
accumulation and market impact
Since adopting its bitcoin-first treasury strategy in 2020, Strategy has amassed 607,770 BTC, making it by far the largest public corporate holder.
For a detailed breakdown, see the MicroStrategy historical bitcoin holdings.
Public companies collectively own over 918,000 BTC, with Strategy accounting for about 66% of that total.
Trend
The corporate-treasury-as-bitcoin movement has expanded, with firms like Metaplanet now holding over 13,000 BTC.
Over 100 public companies now hold bitcoin, representing nearly 3% of total supply.
Bitcoin miners are also increasing holdings, with Marathon Digital now the second-largest corporate holder at 50,000 BTC.
Others like Riot Platforms and CleanSpark are among the top holders.
Outlook
Strategy’s expanded raise signals its intent to continue aggressive bitcoin accumulation.
Whether other companies will match this level of risk tolerance as bitcoin’s cycle matures remains to be seen.
