The funds are earmarked primarily for more Bitcoin acquisitions, though a portion will cover general operations. Strategy’s latest haul brought its BTC total to over 607,000 coins, underlining its continued push to dominate corporate crypto holdings.
The STRC shares—branded as “Stretch”—promise monthly dividends starting at a 9% annual yield. While the rate is adjustable, Strategy faces limits on how much it can reduce payouts. Shares may be redeemed by the company after listing, at $101 plus any due dividends.
Morgan Stanley, TD Securities, and Barclays are underwriting the deal. Strategy’s stock (MSTR) ticked up slightly on the news, buoyed by confidence in its $14 billion unrealized Bitcoin profit.
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