Q2 Sees Strategy Secure $14B Bitcoin Windfall, Announces $4.2B STRD Preferred ATM Issuance.

Strategy Posts $14B Q2 Bitcoin Profit, Plans $4.2B STRD Preferred Stock Sale

Bitcoin rallied nearly 30% in the second quarter, rising from about $82,000 to $108,000 by June 30.

As a result, Michael Saylor’s company, Strategy (MSTR), anticipates reporting a $14.05 billion profit for the quarter from its bitcoin holdings, which total over 500,000 BTC.

In a filing released Monday, Strategy disclosed that it raised $6.8 billion in net proceeds during the quarter through various capital markets activities, including preferred stock offerings and at-the-market (ATM) sales of its Class A common shares. By the end of June, the company still had significant capacity for additional fundraising, with $18.1 billion remaining under its 2025 Common ATM, $20.5 billion under the STRK ATM, and $1.9 billion under the STRF ATM.

Also on Monday, Strategy announced a new agreement allowing it to issue and sell up to $4.2 billion of its 10% Series A Perpetual Stride Preferred Stock (STRD) through an ATM offering.

Strategy plans to sell STRD shares over time, depending on market prices and trading volumes. Proceeds from this program are earmarked for general corporate purposes, including acquiring more bitcoin, bolstering working capital, and potentially paying dividends to holders of both the STRD shares and the 8.00% Series A Perpetual Strike Preferred Stock.

Since debuting on June 11, STRD shares have climbed 6%. Meanwhile, MSTR shares slipped 1.2% in premarket trading Monday, as bitcoin traded slightly lower from late last week, hovering around $108,300.