Strategy expands STRD offering to $1 billion, targets more bitcoin

• Strategy invests US$1 billion to buy more bitcoin
• STRD preferred share offering increased
• Company accumulates more than 580 thousand BTC in treasury

Strategy, formerly MicroStrategy, announced the expansion of its STRD perpetual preferred stock offering from $250 million to $1 billion, with the aim of strengthening its position in the bitcoin market. According to a statement released by the company, the new issuance involves 11.764.700 Series A shares, with a fixed rate of 10% per year, offered at $85 each. The transaction is scheduled to settle on June 10, subject to traditional market conditions.

The net proceeds are estimated at approximately $979,7 million, after deductions for commissions, discounts and other expenses. The company said the proceeds will be used for general corporate purposes, including new bitcoin purchases and working capital.

STRD is a non-convertible preferred stock with a fixed, non-cumulative dividend of 10% per year. The company also has other issues in circulation: STRK, with an 8% dividend and conversion option, and STRF, which pays 10% cumulatively but without convertibility. All are part of the strategic plan dubbed “42/42”, aimed at raising US$84 billion — half via equity, half via debt — with a focus on additional BTC acquisitions.

Financial institutions such as Morgan Stanley, Barclays and TD Securities have been appointed as underwriters for the new issue.

Between May 26 and June 1, Strategy acquired 705 bitcoins for approximately $75,1 million using proceeds from the sales of STRK and STRF. As a result, the company now holds 580.955 BTC, acquired at an average price of $70.023, representing approximately $40,7 billion in total cost and a market value of over $60 billion.

Strategy has acquired 705 BTC for ~$75.1 million at ~$106,495 per bitcoin and has achieved BTC Yield of 16.9% YTD 2025. As of 6/1/2025, we hodl 580,955 $ BTC acquired for ~$40.68 billion at ~$70,023 per bitcoin. $ MSTR $STRK $STRF https://t.co/K4tex3qHrN

— Michael Saylor (@saylor) June 2, 2025

The company’s co-founder and CEO, Michael Saylor, noted that this amounts to about 2,8% of the total BTC supply in existence. Analysts at K33 pointed to a slowdown in the pace of purchases, in part due to the reduction in the premium MSTR shares have over the value of bitcoin held.

Strategy had purchased 4.020 BTC for approximately $427,1 million the previous week. The recent slowdown marks an adjustment in the acquisition strategy.

MSTR shares rose 1,5% in premarket trading on June 6, according to data from TradingView.