MicroStrategy Doubles Down: $250M Share Sale Fuels Bitcoin Buying Spree
Michael Saylor’s crypto juggernaut just fired up the money printer—old-school style—to keep stacking sats.
The corporate Bitcoin whale filed to sell another $250 million in shares... because why use profits when you can dilute shareholders instead?
This marks the company’s fourth capital raise this year alone—turns out ’hodl’ gets expensive when you’re buying 140K+ BTC on margin.
Wall Street analysts shrug: ’At least they’re not buying JPEGs.’
Strategy Declares STRD Shares IPO to Acquire Bitcoin
Strategy (formerly MicroStrategy) intends to conduct an initial public offering of 2.5 million shares of Strategy’s 10.00% Series A perpetual Stride preferred stock (STRD), as per a press release. Moreover, the STRD Stock will offer non-cumulative cash dividends at an annual rate of 10 percent, paid quarterly.
The net proceeds from the offering for general corporate purposes, including the acquisition of bitcoin and for working capital,” stated the company. Strategy added that the STRD Stock will be offered at $100 per share, thus raising $250 million from the preferred stock offering.
Chairman Michael Saylor, in a post on X, confirmed that perpetual preferred stock offering will be available to institutional investors and select non-institutional investors.
Strategy today announced the launch of $STRD ("Stride"), a new perpetual preferred stock offering, available to institutional investors and select non-institutional investors. For more information, click here. $MSTR https://t.co/D2Wy9M2bqa
— Michael Saylor (@saylor) June 2, 2025Today, the company also revealed the latest $75.1 million Bitcoin purchase. The company holding now stands at 580,955 BTC valued at over $61 billion currently. Michael Saylor’s Strategy has made over $20.2 billion in unrealized gains, as per Saylor Tracker. This positions the firm as one of the most successful corporate Bitcoin investors.
Meanwhile, MSTR stock closed nearly 0.87% at $372.27 on Monday amid a swift recovery in the US stock market. MSTR shares are up over 24% year-to-date.
