In a world where the pursuit of wealth often leads men to the darkest corners of their souls, Michael Saylor, the enigmatic leader of Strategy (once known as MicroStrategy), has once again ventured forth into the tempestuous sea of cryptocurrency. On the 25th of July, he announced the pricing of his latest creation, the Stretch Perpetual Preferred Stock ($STRC), a mere day after the initial announcement on the 24th. In a twist that could only be described as Saylor-esque, the number of shares offered has been increased to 28,011,111, each priced at a modest $90.
The expected net proceeds from this grand endeavor, after the usual deductions of discounts, commissions, and other sundry expenses, are anticipated to reach a staggering sum of $2.474 billion. What does Saylor intend to do with such a fortune? Why, nothing less than to pour it back into the company, for “general corporate purposes,” including, one can only imagine, the acquisition of more Bitcoin and the bolstering of working capital. Yes, dear reader, another monumental Bitcoin purchase looms on the horizon, potentially surpassing the $2 billion mark. 🤑
As of the 25th of July, Strategy boasts a Bitcoin stash of approximately 607,770 units, according to the ever-reliable Bitbo. At the current market price of $115,847 per Bitcoin, this hoard is valued at a breathtaking $70.4 billion. Such is the wealth accumulated by those who dare to dream big and invest even bigger. 💰
Strategy Expands Its Preferred Stock Empire
The settlement of the $STRC stock is slated for the 29th of July, 2025, adding yet another feather to the cap of Strategy’s already impressive portfolio of preferred stock offerings. This collection, tailored to suit a variety of risk appetites, includes the 8% Series A perpetual convertible preferred stock ($STRK, affectionately known as “Strike”), the 10% Series A perpetual cumulative preferred stock ($STRF, or “Strife”), and the 10% Series A perpetual non-cumulative preferred stock ($STRD, “Stride”). And now, the pièce de résistance, the variable rate Series A perpetual stretch preferred stock ($STRC, “Stretch”).
Michael Saylor just upsized Strategy’s Series A “Stretch” preferred offering from $500 M to $2 B 🚀
It’s now the biggest single corporate #Bitcoin buy plan of 2025.
— Swan (@Swan) July 24, 2025
The “Stretch” offering, in particular, stands out for its complexity, much like a Russian novel with multiple plot twists and a cast of thousands. Unlike its siblings, which offer the comfort of annually fixed dividend rates of 8% or 10%, “Stretch” begins with a 9.00% annual dividend but grants Strategy the power to adjust this rate monthly, subject to certain restrictions. The company’s current strategy is to tweak the monthly regular dividend rate to maintain the $STRC share price at or near the magical $100 mark. It’s a delicate dance, one that requires both skill and a bit of luck, much like trying to predict the next chapter in Saylor’s grand Bitcoin saga. 🕺
Read More
- Shiba Inu Sees Bullish Reversal In On-Chain Metrics, Can SHIB Price Recover?
- Connections Help, Hints & Clues for Today, March 1
- Shruti Haasan is off from Instagram for THIS reason; drops a comeback message on Twitter
- What Is Dunkin Donuts Halloween Munchkins Bucket?
- The Babadook Theatrical Rerelease Date Set in New Trailer
- The games you need to play to prepare for Elden Ring: Nightreign
- Sitara Ghattamaneni: The 12-Year-Old Fashionista Taking the Spotlight by Storm!
- Chiranjeevi joins Prime Minister Narendra Modi for Pongal celebrations in Delhi; see PICS
- Cardi B Sparks Dating Rumors With Stefon Diggs After Valentine’s Outing
- BUZZ: Rajinikanth starrer Jailer 2 directed by Nelson Dilipkumar likely to go on floors from March 2025
2025-07-26 01:08