Strategy’s ’Stride’ Preferred Stock Launch to Fuel Bitcoin Expansion Amid Market Surge
In a bold move to capitalize on the growing cryptocurrency market, Strategy has unveiled its 10% Series A Perpetual Stride Preferred Stock (STRD), aiming to raise $250 million through the offering of 2.5 million shares. This innovative financial instrument, priced at $100 per share with a 10% annual dividend (subject to board approval), is designed to strengthen the company’s Bitcoin holdings and support general corporate activities. The announcement comes as Bitcoin trades at 105,750.84 USDT, reflecting strong market confidence. Proceeds from the STRD offering will be allocated toward Bitcoin acquisitions and working capital, with Barclays and Morgan Stanley reportedly involved in the process. This strategic initiative underscores the increasing institutional interest in cryptocurrency as a core asset class, potentially signaling further bullish momentum for Bitcoin’s valuation in 2025.
Strategy Unveils ’Stride’ Preferred Stock to Expand Bitcoin Holdings
Strategy announced on June 2 the offering of 2.5 million shares of its 10% Series A Perpetual Stride Preferred Stock (STRD) to bolster its Bitcoin acquisitions. The STRD security carries a $100 initial liquidation preference and pays non-cumulative cash dividends at 10% annually, subject to board approval.
Proceeds will fund general corporate activities, including bitcoin purchases and working capital. Barclays, Morgan Stanley, and TD Securities lead the offering, with Benchmark Company and others as co-managers. Dylan LeClair of Metaplanet noted the offering resembles Strife (STRF) but lacks its protective mechanisms.
Dividends, if declared, will be paid quarterly starting September 30, 2025. The liquidation preference adjusts daily to protect principal, pegged to the highest of the original $100, prior-day close, or 10-day average.
Tether and Bitfinex Transfer $2.7 Billion in Bitcoin to Twenty One Capital
Tether CEO Paolo Ardoino confirmed the movement of 25,812 Bitcoin, valued at approximately $2.7 billion, to a new address linked to Twenty One Capital. The transaction aligns with pre-funding efforts for an initial equity raise in the Bitcoin treasury venture, which includes partners Bitfinex, Cantor Fitzgerald, and SoftBank.
Jack Mallers, CEO of Twenty One Capital and founder of Strike parent company Zap, had previously signaled the transfers, emphasizing transparency through proof of reserves. The announcement coincided with a 7% rise in CEP’s share price to $43, reflecting market Optimism around institutional crypto activity.
Sberbank Launches Bitcoin-Linked Bonds in Push for Crypto Integration
Russia’s largest bank, Sberbank, has rolled out structured bonds tied to Bitcoin’s USD price performance, marking a milestone in bringing crypto products under the country’s regulatory umbrella. The offering targets qualified investors through over-the-counter markets, with ruble-denominated settlements avoiding direct crypto handling.
The lender plans to list subsequent bond issuances on the Moscow Exchange, significantly broadening access while maintaining compliance with local frameworks. SberInvest will introduce Bitcoin futures trading on June 4, further expanding institutional crypto offerings.
This strategic MOVE positions Sberbank at the forefront of modernizing Russia’s financial infrastructure. The bank’s approach demonstrates how traditional institutions can bridge the gap between conventional finance and digital assets within regulated parameters.
AI’s Power Consumption Will Dwarf Bitcoin by Year’s End, Says Study
Artificial intelligence’s energy demands are projected to surpass Bitcoin mining by early 2026, according to a peer-reviewed study in Joule. Tech giants like Google and Microsoft reportedly obscure AI-specific power data while emissions rise—driven largely by AI operations.
Nvidia consumed nearly half the world’s advanced chip packaging capacity in recent years, with production expected to double by 2025. The contrast is stark: where Elon Musk once criticized Bitcoin’s environmental impact, his xAI now builds what may become the largest AI supercluster.
Global data centers could dedicate 49% of their electricity to AI by 2025—eclipsing even Bitcoin’s notorious energy footprint. Regulatory focus remains on AI innovation rather than its growing power appetite.
Poland’s Pro-Bitcoin President Takes Office Amid Central Bank Resistance
Poland’s political landscape shifts as Karol Nawrocki assumes the presidency with a crypto-friendly agenda. The newly elected leader, backed by the Law & Justice party, secured victory with 50.89% of votes in a tightly contested runoff. His administration pledges to foster blockchain innovation while maintaining investor freedoms—a stark contrast to the National Bank of Poland’s refusal to hold BTC reserves.
Meanwhile, the U.S. Treasury’s strategic BTC reserves now exceed 198,000 coins ($18B), setting a global benchmark. Poland maintains a 19% capital gains tax on crypto conversions to fiat, though crypto-to-crypto transactions remain tax-neutral. Market observers watch whether Nawrocki’s reform promises will clash with the central bank’s conservative stance.
