Strategy has made headlines with its recent acquisition of 24,869 Bitcoin, valued at $2 billion, marking its largest purchase in nearly a month. This strategic move reinforces the company’s commitment to expanding its cryptocurrency holdings, reaching a total of 843,738 Bitcoin, which is now valued at approximately $64.4 billion.
The funding for this substantial purchase came through the issuance of nearly $2 billion in Stretch (STRC) preferred shares, right before the shares reached their ex-dividend date. The timing was crucial, as investors had until last Friday to acquire STRC and secure the upcoming monthly cash distribution, which currently offers an impressive annual dividend of 11.5%. The heightened demand for these shares led to a significant influx of capital, allowing the Virginia-based firm to substantially increase its Bitcoin portfolio.
This latest acquisition is particularly noteworthy given that Strategy’s previous Bitcoin purchase occurred after raising approximately $2.2 billion via STRC earlier this year. The preferred shares are designed to trade near a $100 par value, enabling the company to issue new shares when they exceed that threshold, thus facilitating further growth in cryptocurrency holdings. In a shift aimed at enhancing consistency for investors, the company is exploring a transition to a bimonthly dividend cadence for the STRC stock.
CEO Phong Lee emphasized the importance of the company’s financial strategies, reporting a year-to-date “BTC Gain” of $6.6 billion. This metric reflects the additional Bitcoin acquired relative to the dilution caused by issuing new shares. Lee noted that in the fiscal year 2025, Strategy achieved a BTC Gain of 101,873 Bitcoin, valued at about $7.8 billion, underscoring the effectiveness of their treasury operations. In a recent social media post, he claimed that “digital credit” is driving faster growth for the company, projecting even more aggressive expansion plans.
As for the company’s stock performance, shares recently traded at $163.58, which reflects a drop of more than 7%. However, over the past month, the stock has increased nearly 2%, outperforming Bitcoin’s modest climb of 0.4% in that same timeframe. Bitcoin, the leading cryptocurrency by market capitalization, was recently valued at $76,361, which is down more than 2% in a single day, following a notable rise earlier in the month that saw it peak at $82,500.
The activity surrounding STRC has drawn scrutiny, especially when Bitcoin faced significant declines earlier this year. However, the company’s consistent reliance on this dividend-paying product suggests that such transactions are becoming a regular part of Strategy’s operational framework. As the digital asset landscape continues to evolve, Strategy’s aggressive approach to Bitcoin acquisition and share issuance positions it as a key player in the market, navigating both opportunities and challenges.
