$BTC #BTC Strategy, formerly known as MicroStrategy (MSTR), announced plans to issue 2.5 million shares of 10% perpetual preferred stock class A (STRD) to raise funds to expand its Bitcoin holdings and support working capital.

The company aims to raise about $250 million from this initial public offering (IPO), based on an initial liquidation preference of $100 per share. Meanwhile, other companies are also advancing Bitcoin treasury initiatives worldwide.

Strategy plans a large initial public offering to raise funds to expand Bitcoin.

According to the official announcement from Strategy, the offering targets institutional investors and some non-institutional investors. Shareholders are entitled to receive non-cumulative dividends, paid quarterly if declared, at an annual rate of 10%.

"Strategy will have the right, at its option, to redeem all, but not less than all, shares of STRD, at any time, in cash if the total number of shares of all outstanding STRD shares at that time is less than 25% of the total number of shares of STRD originally issued in the offering and any future offering, combined," according to the statement.

The offering plan follows the latest acquisition by Strategy of 705 Bitcoin for approximately $75.1 million yesterday. Data from SaylorTracker shows that the company holds 580,955 Bitcoin, valued at over $60 billion.

The move by Strategy comes amid a wave of corporate adoption of cryptocurrencies. On June 2, Hong Kong-based Ritter Logic Holdings Limited (RITR), a logistics solutions provider, revealed that it is in advanced negotiations to establish a strategic Bitcoin treasury. The initiative aims to purchase up to 15,000 Bitcoin, valued at approximately $1.5 billion.

The management believes that this treasury diversification can provide several strategic benefits including enhancing financial flexibility through allocation to an uncorrelated digital asset, increasing financial flexibility for future strategic acquisitions in logistics technology and automation platforms, and positioning for expansion in high-growth Asian markets where the demand for smart logistics infrastructure continues to rise, according to the filing.

Similarly, the Norwegian exchange NBX has made history as the first listed company in Norway to adopt Bitcoin as a treasury asset. The company acquired 6 Bitcoin and aims to raise its holdings to 10 BTC by June.

In Russia, Sberbank, the country's largest bank, has launched structured notes linked to Bitcoin. This product is available to a limited group of qualified investors in the over-the-counter market.

Alongside Bitcoin, other digital assets are also gaining momentum. BTCS, a blockchain technology company, acquired 1,000 ETH, raising its Ethereum holdings to 13,500 ETH.

"Ethereum remains at the core of our blockchain infrastructure strategy. Our expansion into ETH is not just a treasury play - it's a strategic outcome of our high-growth NodeOps and Builder+ activities. We are focused on building highly scalable infrastructure and generating revenue," said CEO Charles Allen.

At the same time, Classover, an educational technology company, is focused on building a Solana treasury reserve.

SOLUSD

. The company previously purchased 6,472 SOL for approximately $1.05 million.

Now, it has entered into an agreement to issue up to $500 million in secured convertible bonds, with an initial funding of $11 million expected to close soon. A significant portion of the proceeds, up to 80%, will be allocated to purchasing SOL.

These developments reflect a broader shift among companies to diversify treasury assets using cryptocurrencies.