Strategy unveiled plans to issue $44 billion in common and preferred equity to accelerate its Bitcoin acquisition strategy. The move includes $21 billion in new common stock (MSTR), $21 billion in variable rate preferred shares (STRC), and $2.1 billion in convertible STRK shares.
STRC, introduced over six months ago, recently attracted strong demand after the dividend was raised to 11.5%. Though it briefly traded above its $100 par value, STRC has now fallen below that level for seven consecutive days-triggering a pause in automated Bitcoin purchases.
Despite spending billions this month, Strategy's acquisition pace slowed last week. The firm purchased just 1,031 Bitcoin for $76.6 million, its smallest single buy in a month, funded through common stock issuance.
The company now holds 762,099 Bitcoin, valued at over $54 billion, but carries a $3.3 billion unrealized loss based on an average cost of $75,694 per BTC.
Meanwhile, Bitcoin traded near $71,420, rebounding after President Trump paused U.S. missile strikes against Iran. Analysts remain divided on whether Strategy will sell any Bitcoin this year, with prediction markets showing an 18% chance as of Monday.