Key Points
- The company announced 5 million STRF Shares of Perpetual Strife Preferred Stock to buy more Bitcoin.
- The liquidation preference of the STRF will initially be $100 per share.
Earlier, Michael Saylor made an announcement via X, revealing a new type of product launched by Strategy₿ to continue using proceeds from offerings to buy more Bitcoin.
The company continues to raise funds via multiple offerings to purchase more BTC, as part of its investment strategy. Strategy₿ started buying BTC in August 2020.
Strategy₿ Launched STRF Offering to Buy More BTC
In the announcement, Saylor said that STRF is a new Perpetual Preferred Stock offering that will be available to institutional investors and select non-institutional investors.
Strategy today announced the launch of $STRF (“Strife”), a new perpetual preferred stock offering, available to institutional investors and select non-institutional investors. For more information, click here. $MSTR https://t.co/XM7XbMepEY
— Michael Saylor⚡️ (@saylor) March 18, 2025
The official press release notes that the company intends to have a public offering of 5 million shares of the Perpetual Strife Preferred Stock.
Also, the notes state that the net proceeds from the offering will be used for buying more Bitcoin, and general corporate purposes including working capital.
The Perpetual Strife Preferred Stock will accumulate cumulative dividends at a fixed rate of 10% a year, and the liquidation price for the stock will be $100 per share.
Joint managers of the offering also include Morgan Stanley, Barclays, Citigroup, and Moelis and Co.
Strategy₿ started buying Bitcoin again following a short break.
Strategy₿ Resumed Bitcoin Acquisitions
The announcement comes after yesterday, Strategy₿ announced that it resumed its Bitcoin buying. As of March 16, the company reportedly held 499,226 BTC worth over $41 billion at current prices.
The firm raised its BTC holdings following its latest acquisition of 130 BTC.
At the moment of writing this article, BTC is trading above $82,000, amidst increased volatility. On March 17, BTC traded above $84,000 before a price decline today.
