STRF Perpetual Offering Upsized to $711M as Strategy Aims for Larger Bitcoin Purchase

Strategy Secures $711M in Expanded Preferred Stock Offering for Bitcoin Purchases

Strategy (MSTR) is set to bolster its bitcoin holdings after completing an upsized preferred stock sale.

The company issued 8.5 million shares of its 10% Series A Perpetual Strife Preferred Stock at $85 per share, raising approximately $711.2 million—significantly exceeding its initial $500 million goal.

Unlike the previous STRK issuance, this new series carries a higher 10% coupon rate and does not include a common stock conversion feature.

With its existing bitcoin holdings surpassing 499,200 tokens, this new capital is expected to push Strategy’s total holdings beyond the 500,000 mark.

In premarket trading, MSTR shares have dipped slightly to just under $300, while bitcoin remains stable at $84,000.