Bullish Momentum Surge: Why Strategy’s Top Equity Picks Are Dominating in 2025

Wall Street's latest darlings aren't stocks—they're strategic equity placements riding crypto's coattails. Here's how the smart money's playing it.

The Bull Run You Can't Ignore

Forget bonds, forget gold—2025 belongs to digital assets. Institutional inflows hit $120B last quarter alone, and these equity placements are front-running the charge.

How the Pros Are Positioning

Three words: asymmetric upside exposure. Funds are stacking convertible notes and warrant-heavy deals like degenerate gamblers at a Satoshi-themed craps table. (Bonus jab: Meanwhile, traditional bankers still think 'DeFi' is a typo.)

When the Music Stops

Volatility's coming—it always does. But right now? The trend's your friend until the Fed flips the switch. Ride the wave, but keep one hand on the exit lever.

Strategy pauses MSTR raises to improve balance

Strategy resorted to its preferred shares to slow down the dilution of its MSTR common stock. For the past two weekly raises, the Saylor-led firm did not issue new MSTR shares in its ATM program. Following a two-week pause of new MSTR issues, combined with a record BTC rally, MSTR ROSE to a yearly high at $442.13. 

MSTR trades near its yearly peak, after a two-week pause in new share issuance and dilution. | Source: Google Finance

The decision helped narrow the gap between the company’s share price and the value of its BTC holdings. When the share price gets too close to the underlying asset value, the ATM sales become less attractive. MSTR sales are successful when presenting a premium and serve as a proxy for BTC investments. 

As BTC posted records above $122,000 and held around $118,000, Strategy may be able to tap the MSTR ATM program in the coming weeks. As of July, Strategy has used up to 50% of its MSTR ATM program, with allocations intended to last until 2030. The firm has already acquired 3% of the BTC supply, hoping to hold for the long term.

Strategy preferred shares get a boost from yield demand

Strategy’s preferred shares offer the potential for dividend payouts, satisfying demand for high-yield products. Some of the preferred shares are riskier, but still inspire demand. The three types of preferred equity were issued in January, March, and June, helping Strategy in its record expansion in 2025.

STRF remains the least risky preferred stock, with a 10% yield and higher priority compared to STRK and STRD. STRF traded at $117, rising toward a record during the recent fundraise. Recently, STRF peaked at $126.48. 

STRK offers 8% yield, and is second in seniority in the case of redemption. STRK peaked at $125.75, later sliding to $118.13. 

The preferred shares have been trading above their $100 par since June, leading Strategy to expand its preferred share offers each week. One of the biggest sources of liquidity will be the $21B sale program for STRK. 

STRD is the latest addition to preferred shares, currently trading at $93.28. The new facility offers non-mandatory, non-cumulative dividends, though at a higher yield rate compared to STRF and STRK. 

Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites