Strategy Raises $711M to Buy More Bitcoin in STRF's Expanded Perpetual Offering

This is the first sale of preferred shares by Perpetual Strife.

Author: Steven Alpher Updated March 21, 2025, 20:16 UTC Published March 21, 2025, 12:17 UTC

What you need to know:

• Strategy raised $711.2 million through the sale of a new series of preferred shares.
• These funds are expected to be used primarily to purchase additional Bitcoin.
• The new acquisitions are likely to increase Strategy's bitcoin holdings to more than 500,000 tokens.

Strategy (MSTR) is almost certainly going to hit the market to make additional large purchases of Bitcoin following the successful sale of its latest series of preferred shares.

The company sold 8.5 million shares of its 10% Series A preferred stock, Perpetual Strife, at $85 per share, raising approximately $711.2 million. Strategy had originally expected to raise $500 million.

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The latest series of preferred shares differs from the original STRK in that it offers a higher coupon (10% versus 8%) and does not include provisions for conversion into common shares.

At the time of last check, the company held over 499,200 bitcoins, so the upcoming new round of purchases should significantly increase Strategy's holdings to over 500,000 tokens.

MSTR shares fell slightly in pre-market trading to just under $300. Bitcoin is steady at $84,000.

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