Strategy, formerly known as MicroStrategy, has announced its intention to raise $2.1 billion through the issuance of Class A preferred shares named STRF. The funds raised will be directed towards general corporate purposes, with a primary focus on further investment in Bitcoin.
This is reported by Business • Media
STRF Issuance at 10% for Bitcoin Investments
Strategy has entered into an agreement to sell STRF shares with several financial institutions, including TD Securities, Barclays Capital, and The Benchmark Company. The new Class A perpetual preferred shares (Perpetual Strife Preferred Stock, STRF) will carry an annual rate of 10%, and dividends will be paid quarterly exclusively in cash.
The company reported that during the registration of the issuance prospectus, 8.5 million STRF shares were already in circulation. Strategy notes that the funds from the placement of these securities will be used for corporate purposes, including the purchase of additional Bitcoins and replenishing working capital.
“These securities were developed using AI.”
Growth of Bitcoin Portfolio and Record Profits
Strategy plans to expand its Bitcoin portfolio against the backdrop of a new historical peak in Bitcoin prices, which was recorded on May 21-22, 2025. Currently, the company holds 576,230 BTC at an average acquisition price of $69,726. At the time of writing, Bitcoin is trading at $111,305, providing Strategy with an unrealized profit of approximately $24 billion.
Meanwhile, the founder of the hedge fund Kynikos Associates, Jim Chanos, considers the company’s investment strategy absurd and is openly betting against it in the stock market.