Strategy Unveils $500M ‘STRC’ Preferred Offering With 9% Dividend to Fund More Bitcoin Purchases

Strategy (MSTR) has launched a new preferred equity offering as part of its ongoing efforts to expand its bitcoin holdings, the company announced Monday.

The new preferred series, designated STRC and internally nicknamed “Stretch,” will carry an initial regular dividend rate of 9%. Strategy aims to raise $500 million through the sale of 5 million shares priced at $100 each.

STRC joins the company’s existing preferred series — STRK, STRF, and STRD — alongside its active at-the-market (ATM) common stock program. Just last week, Strategy raised $736 million via its ATM facility, with proceeds also earmarked for bitcoin accumulation.

Strategy remains the most prominent corporate bitcoin holder globally, with a treasury now exceeding 600,000 BTC, currently valued at approximately $72 billion.

Shares of MSTR were little changed in after-hours trading.