Strategy

Key Takeaways:
Strategy Inc. raised $2.52B via preferred stock to fund $BTC purchases, avoiding common equity dilution.TD Cowen projects the firm could add 17,000 BTC over a decade using this model.The offering marks 2025’s largest equity IPO, reinforcing Strategy’s capital efficiency edge.
Bitcoin treasury powerhouse Strategy Inc. (MSTR) has once again shaken up the crypto-finance landscape. By issuing 28 million shares of its new variable rate preferred stock, dubbed “Stretch” (STRC), at $90 apiece, the firm raised a staggering $2.52 billion. According to TD Cowen analysts, this move not only exceeded expectations but also positioned Strategy to acquire over 17,000 BTC without diluting its common equity base. The offering is being hailed as a landmark moment in corporate Bitcoin accumulation strategy.
A Capital Raise That Redefines Treasury Strategy
Strategy’s latest fundraising effort is more than just a cash injection; it’s a masterclass in capital structuring. The STRC shares, which offer cumulative variable dividends, attracted institutional interest and shattered the initial $500M target. With nearly all net proceeds earmarked for $BTC purchases, the firm could add over 20,000 BTC at current prices. TD Cowen analysts emphasized that this model allows Strategy to scale its treasury without issuing new common stock, preserving shareholder value while expanding its crypto holdings.
Why Strategy’s Model Is Hard to Beat
TD Cowen’s bullish stance on Strategy stems from its unmatched cost-of-capital advantage. By offering a suite of Bitcoin-backed securities tailored to different investor profiles, including STRC, Strike $STRK , Strife(STRF), and Stride (STRD), Strategy has created a funnel for institutional capital into Bitcoin. The firm’s “42/42” plan, targeting $84B in capital raises by 2027, further cements its role as the blueprint for corporate Bitcoin accumulation. With over 607,000 BTC already on its books, Strategy continues to lead the charge in crypto treasury innovation.
#strategy #BTC

Michael Saylor’s company, Strategy, formerly known as MicroStrategy, has taken another bold leap in its mission to become a Bitcoin-focused powerhouse. The firm has raised an impressive $2.8 billion through a newly structured preferred stock called “Stretch,” originally planned for $500 million but upsized due to overwhelming investor demand, according to a Bloomberg report.
The Stretch offering features a 9% annual dividend payout and has no fixed maturity, a rare feature in the world of preferred stock. This financial instrument has become the latest in a series of strategic tools used by Saylor to aggressively accumulate Bitcoin, adding to Strategy's current treasury of 600,000 BTC, valued at approximately $70 billion.
A New Era of Financial Engineering
Described as a financial innovator, Saylor has previously used a mix of convertible debt, equity issuance, and creatively named securities like “Stride,” “Strike,” and “Strife” to grow Strategy’s Bitcoin reserves. The introduction of “Stretch” adds a dynamic pricing model to the mix. Each month, Strategy will adjust the dividend rate to maintain the stock's value near $100, giving the security both flexibility and unpredictability.
The offering was priced at $90 per share, a discount from face value, which likely contributed to the high demand. Despite concerns about a possible dip in investor returns and a more complex capital structure, the market reacted favorably. Strategy’s common stock rose 0.5% on Wednesday and is up 43% year-to-date.
Investor Sentiment Remains Strong
The offering has also attracted attention from major Wall Street players. Morgan Stanley, Barclays Plc, Moelis & Co., and TD Securities are reported to have facilitated the deal. This move further underscores the growing institutional appetite for crypto-linked financial instruments.
“This is not the first financial engineering initiative by Strategy,” noted Campbell Harvey, a finance professor at Duke University. “In any situation where your company is worth far more than fundamental value, you raise money.”
Indeed, Saylor’s unrelenting approach has not only fortified Strategy’s position in the crypto market but also influenced other public companies to follow a similar Bitcoin treasury strategy.
A Bold Bet in a Volatile Market
Despite Bitcoin’s inherent volatility and Strategy’s increasingly complex financial structure, the strong investor response to the Stretch offering signals continued enthusiasm for crypto-linked products. However, analysts caution that the aggressive nature of these financial maneuvers could introduce new risks, especially if market sentiment shifts.
As the crypto industry continues to mature, Michael Saylor’s Strategy stands as a bold case study in how traditional financial mechanisms are being repurposed to fund digital asset accumulation on a massive scale.
The post appeared first on CryptosNewss.com
#strategy #MichaelSaylor $BTC

📅 July 24, 2025 | New York, USA.
In the midst of euphoria for the new bitcoin, Strategy, the software and digital asset company directed by Michael Saylor, has just announced a double play that shakes Wall Street and the crypto ecosystem: it will expand its actions of shares and reinforce its position in Bitcoin, as the block revealed today.
The Plan: Duplicate its repurchase of shares to $ 500 million and continue to inject capital into its BTC treasury, consolidating itself as the corporation with the highest corporate exposure to Bitcoin in the world.
What does this move mean?
Strategy (formerly Microstrategy) has been positioning the most aggressive pro-bitcoin corporate arm in the US stock market for years. Since 2020, the company has used part of its cash reserves and convertible debt to buy BTC, accumulating more than 226,000 BTC, valued at more than $ 15,000 million at current prices.
Now, the repurchase of shares seeks:
🔹 raise the price of their own actions, benefiting shareholders and managers.
🔹 Strengthen market confidence while Bitcoin bounces about $ 75,000.
🔹 Counter the volatility of its stock market, which historically moves like a Bitcoin proxy.
Key details:
The new plan elevates the repurchase budget from $ 250 million to $ 500 million.Strategy will maintain its “accumulate BTC with any available free flow” policy. The company evaluates another convertible debt issuance to finance additional purchases of Bitcoin if the rally accelerates.
Context: Saylor strategy
Michael Saylor, CEO and visible face of Strategy, has been holding the thesis that Bitcoin is a "monetary energy bank" superior to the dollar. Under its leadership, the firm became a pioneer to turn its balance into a BTC mattress, inspiring other companies to explore the strategy.
The approach has generated controversy:
When BTC goes up, Strategy actions rise like a rocket. But when BTC falls, the market harshly punishes action for overexposure. Traditional investors criticize the dependence of the crypto volatility company.
Figures that paint everything
BTC in Treasury: 226,000 BTC. Approximate value: +$ 15 billion (and counting). Action price: +320% in 12 months, driven by the crypto rally. Authorized repurchase: $ 500 million.
What comes now?
The message is clear: Strategy will continue playing double edge. With the repurchase of shares, it returns value to shareholders while reinforcing its Bitcoin narrative forever. If BTC breaks historical maximums (rumors point to $ 100K before the end of the year), Strategy could be one of the biggest winners.
Of course, the bet implies that the risk of the company is increasingly linked to the humor of the crypto market. If BTC corrected strongly, Strategy could see how its capitalization and reserves are rapidly eroded.
Topic Opinion:
Strategy is an institutional appetite thermometer by Bitcoin. When they expand purchases and repurchase of shares, they send a strong signal: come to BTC as their best value reserve and their main stock market growth.
The play is risky: if Bitcoin shoots, the shareholders take a fat award. If you collapse, the exposure can devour Strategy's balance. For better or worse, it is the maximum example of "Bitcoin Corporate Standard".
💬 Do you like the strategy of leverage debt and repurchase of shares to buy more BTC?
Dam your comment ...
#strategy #MichaelSaylor #bitcoin #CryptoNews #blockchain $BTC