{"id":125563,"date":"2025-03-21T16:18:25","date_gmt":"2025-03-21T16:18:25","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125563"},"modified":"2025-03-21T16:18:25","modified_gmt":"2025-03-21T16:18:25","slug":"strategy-announces-10-preferred-stock-offering-to-buy-more-bitcoin","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125563","title":{"rendered":"Strategy announces 10% preferred stock offering to buy more Bitcoin"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsStrategy has announced the pricing of its latest round of perpetual preferred stock, which the company does before announcing more Bitcoin (BTC) acquisitions.<br \/>\nAccording to Strategy, the latest round of preferred stock will be sold at $85 per share, with a 10% coupon, and will bring the company approximately $711 million in revenue.<br \/>\nMarket analyst Jesse Myers said that the annual 11.8% dividend distributed to investors from the latest offering suggests that Strategy can now siphon investors from the bond market, which only offers 4.2% interest.<br \/>\nStrategy\u2019s most recent BTC purchase occurred on March 17, when the company acquired 130 BTC, valued at roughly $10.7 million, bringing its total holdings to 499,226 BTC, valued at $41.8 billion.<br \/>\nThe March 17 acquisition was the company\u2019s smallest purchase on record and followed a three-week break in buying. However, Strategy co-founder Michael Saylor has signaled that the company will raise more debt and sell more equity to fuel its accumulation of Bitcoin.<br \/>\nStrategy\u2019s Bitcoin purchases so far in 2025. Source: SaylorTrackerRelated: Michael Saylor pushes US gov\u2019t to purchase up to 25% of Bitcoin supply<br \/>\nStrategy seeks fresh capital for BTC buying spree<br \/>\nOn March 10, Strategy announced it would periodically sell shares of its 8% Series A perpetual strike preferred stock as part of its plan to raise an additional $21 billion to buy more Bitcoin.<br \/>\nThe company followed through on March 18 by announcing a tranche of 5 million shares in Series A perpetual preferred stock to raise additional capital.<br \/>\nData from SaylorTracker shows the company is still up approximately 26% all-time on its investment and is sitting on over $8.6 billion in unrealized gains despite the recent market downturn.<br \/>\nHowever, shares of Strategy declined by over 26% in early March since their highest point in January 2025 and plummeted by over 44% since the all-time high of roughly $543 reached on Nov. 21.<br \/>\nStrategy price action and analysis. Source: TradingViewShares of Strategy are currently trading at around $299, up by 29% from the recent low of $231 recorded on March 11.<br \/>\nThe company\u2019s inclusion in the Nasdaq 100, a weighted stock index that tracks the top 100 companies by market capitalization on the tech-focused stock exchange, injected fresh capital flows into the company but also exposed it to broader downturns in the tech market.<br \/>\nMagazine: Coinbase and Base: Is crypto just becoming traditional finance 2.0?<a href=\"https:\/\/cointelegraph.com\/news\/strategy-announces-10-preferred-stock-buy-btc?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsStrategy has announced the pricing of its latest round of perpetual preferred stock, which the company does before announcing more Bitcoin (BTC) acquisitions. According to Strategy, the latest&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125563"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125563"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125563\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125563"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}