Corporate Bitcoin investment giant Strategy continues to expand its funding models by offering investors a new type of share, raising its total Bitcoin (BTC) assets to 607,770 BTC.
Considered one of the corporate addresses for investing in Bitcoin, Strategy (formerly known as MicroStrategy) launched a new preferred stock model called STRC on Monday. This new type of share became the fourth continuous preferred stock model the company has offered to investors in recent months. Strategy aims to use the proceeds from the public offering of STRC shares to purchase Bitcoin and strengthen its overall working capital.
According to the company, a total of 5 million shares will be offered for sale, each priced at 100 dollars. While STRC shares are designed with a variable interest rate, the initial annual dividend rate is set at 9%. The first dividend payment is expected to occur on August 31. Dividends will be distributed in cash monthly, based on the company's management decision.
In addition to STRC, Strategy has previously offered investors three different preferred stock models. Of these models, Strike (STRK) offers convertible shares with an 8% fixed dividend rate, while the Strife (STRF) model provides non-convertible shares with a 10% fixed cumulative dividend rate. The Stride (STRD) model also has a 10% fixed dividend rate but is non-convertible and has non-cumulative dividends.
Additionally, under the previously announced "42/42" plan, the company aims to raise a total of 84 billion dollars by 2027. These funds will also be used for Bitcoin purchases.
According to analysts, such continuous preferred shares offer an attractive income and potential for value appreciation with lower volatility compared to standard stocks or direct Bitcoin investments.