Key Takeaways
- Strategy launched its perpetual strife preferred stock (STRF) earlier this year.
- Now, the firm plans to sell additional STRF shares worth $2.1 billion.
- Proceeds from the sale will be used to buy Bitcoin.
Strategy (formerly MicroStrategy) has announced plans to issue fresh “perpetual strife preferred stock” (STRF) shares worth $2.1 billion.
The company said it intends to use the proceeds from the sale for “general corporate purposes, including the acquisition of bitcoin, and for working capital.”
Strategy’s Preferred Stock Offering
In an investor presentation on May 22, Strategy CEO Phong Le and Chairman Michael Saylor boasted of progress toward the company’s 2025 Bitcoin yield and gain targets.
During that time, the value of Strategy’s Strike and Strife shares has risen significantly, in line with the price of BTC.
“We’ve seen Strife out in the market for a little bit less than two months, initially priced at $85 and now at $98.8,” noted Phong Le.
The STRF stock offers investors a 10% annual dividend designed to be sold gradually over time, depending on market conditions.
Unlike other preferred stocks, STRF doesn’t have a maturity date, meaning it can remain outstanding indefinitely.
Bitcoin Accumulation
Strategy’s latest share sale will raise more than $2 billion and help fund the company’s Bitcoin accumulation.
So far in 2025, Strategy has spent more than $12.3 billion to purchase 129,830 BTC across 15 transactions.
But the latest fundraising push also coincides with growing scrutiny of the firm’s Bitcoin strategy.
Legal Clouds
Earlier this month, a class action lawsuit was filed against Strategy, alleging that executives misled investors about the financial risks of its cryptocurrency-focused approach.
The lawsuit accuses Strategy and its executives of failing to warn investors about the impact of changes to its accounting standards earlier this year.
After adopting the new accounting standard, Strategy reported a $5.91 billion unrealized loss on its digital assets for the first quarter, the lawsuit alleges.
In response, Strategy has said it will “vigorously defend” itself against the allegations.
The company insists that all relevant financial details were reported and that its Bitcoin strategy is both transparent and aligned with shareholder interests.
James Morales is CCN’s blockchain and crypto policy reporter. He has been working in the news media since 2020, writing about topics such as payments, banking and financial technology. These days, he likes to explore the latest blockchain innovations and the evolving landscape of global crypto regulation.
With an educational background in social anthropology and media studies, James uses his platform as a journalist to explore how new technologies work, why they matter and how they might shape our future.
