Since Launch, STRK Strategy Has Generated Record Proceeds and Outperformed Major Benchmarks Bitcoin and S&P 500

STRK Preferred Stock Outshines Bitcoin and S&P 500 Amid Robust ATM Issuance

Strategy (MSTR)’s perpetual preferred stock, STRK, has delivered strong performance since its February launch, outperforming both bitcoin and the S&P 500 while offering investors a compelling fixed yield and distinctive market exposure.

According to an SEC filing and analysis from Twitter account DogCandles, STRK raised $59.7 million in its largest weekly at-the-market (ATM) offering to date. The capital was promptly deployed to acquire additional bitcoin, resulting in the issuance of roughly 621,555 STRK shares. Strategy still retains approximately $20.79 billion in available ATM capacity for STRK.

Led by Executive Chairman Michael Saylor, the company continues to expand its bitcoin holdings as BTC remains above $100,000, targeting a return to its January peak near $109,000. With the latest purchase, Strategy’s total bitcoin holdings now stand at 576,230 BTC.

The BTC yield, a key indicator tracking year-to-date growth in bitcoin exposure per diluted share, currently registers at 16.3%.

This recent issuance accounts for just under 9% of total proceeds raised via the ATM program for Strategy’s common stock, which has accumulated $705.7 million to date, underscoring STRK’s increasing importance in funding the company’s bitcoin acquisitions.

STRK offers a fixed 8% annual dividend on a $100 liquidation preference, equating to an $8.00 annual payout per share. The effective yield, which is inversely correlated with share price, currently stands at approximately 8.1%.

Since its debut on February 10, STRK shares have appreciated 16%, outpacing bitcoin’s 10% gain and the S&P 500’s 2% decline over the same timeframe.

Data from Strategy’s dashboard shows STRK maintains a relatively low 44% correlation with MSTR common stock but stronger correlations of 71% with bitcoin and 72% with the SPY ETF. This unique profile highlights STRK’s hybrid nature, offering investors differentiated exposure through a preferred equity instrument tied to bitcoin accumulation.