Strategy Raises $711M in Upsized Offering, Prepares for More Bitcoin Buys

Strategy (MSTR) is gearing up for another substantial bitcoin acquisition after successfully pricing an expanded preferred stock offering.

The company issued 8.5 million shares of its 10% Series A Perpetual Strife Preferred Stock at $85 per share, securing approximately $711.2 million—well above its initial $500 million target.

This latest issuance differs from the previous STRK series by offering a higher 10% coupon rate and excluding a common stock conversion option.

Currently holding over 499,200 bitcoin, Strategy is expected to surpass the 500,000-token milestone with this fresh round of purchases.

In premarket trading, MSTR shares have edged slightly lower to just under $300, while bitcoin remains steady at $84,000.