Latest news with #STRK
Yahoo
10 hours ago
- Business
- Yahoo
Strategy adds 1,045 Bitcoin after $112M stock sale
Strategy adds 1,045 Bitcoin after $112M stock sale originally appeared on TheStreet. MicroStrategy Inc., now operating as Strategy, has announced a significant update regarding its capital-raising and Bitcoin purchase plans in a newly filed Form 8-K. During the period from June 2 through June 8, 2025, Strategy sold an aggregate of approximately $112.2 million worth of two classes of preferred stock — STRK and STRF — pursuant to at-the-market (ATM) offerings. The company sold 626,639 shares of STRK, resulting in net proceeds of $66.4 million, and 432,679 shares of STRF, resulting in net proceeds of $45.8 million. Notably, no new common stock (MSTR) was issued during this period, with $18.63 billion of capacity remaining available under the common ATM program. From the proceeds of the offer, Strategy purchased 1,045 BTC for approximately $110.2 million, at an average price of $105,426 per Bitcoin. With this purchase, the company now holds a total of 582,000 BTC, which were bought at an average price of $70,086, bringing its total investment to $40.79 billion. Strategy last unveiled its – when it reported a holding of 580,955 BTC worth around $61 billion at the time. Executive Chairman Michael Saylor, in the meantime, has been a headline-maker not only for his purchases of Bitcoin, but also for his signature style: specifically, his preference for orange ties, as a nod to Bitcoin's big, bold color. In January he wore one to Washington, D.C.; by June 4, he had taken things one step further: That day, he put his orange tie up for sale in return for $80 in Bitcoin. In crypto culture, to be 'orange-pilled' is to believe deeply in Bitcoin's revolutionary power. Strategy adds 1,045 Bitcoin after $112M stock sale first appeared on TheStreet on Jun 9, 2025 This story was originally reported by TheStreet on Jun 9, 2025, where it first appeared. Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
Yahoo
12 hours ago
- Business
- Yahoo
Michael Saylor's Strategy Added 1,045 Bitcoin for $110M Last Week
Michael Saylor-led Stategy (MSTR) yet again topped up its sizable bitcoin BTC holdings last week, adding an additional 1,045 BTC for $110.2 million. The average purchase price of this latest buy was $105,426 each and the average purchase price for the company's 582,000 coin stack rose to $70,086 each. With bitcoin trading at about $107,500 Monday morning, MSTR's holdings are worth roughly $62.5 billion. Last week's buys were funded via at-the-market sales of MSTR's STRK and STRF preferred stocks, according to an SEC filing. MSTR stock is higher by 2% in premarket action as bitcoin rose from Friday's close in the $105,000 area. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Strategy to Raise Nearly $1B With STRD Preferred Stock Offering to Accumulate BTC
Strategy (MSTR), the largest corporate holder of bitcoin BTC, has priced the new preferred stock offering designed to give long-term investors a fixed 10% annual return with no management fees. The firm will sell 11.76 million shares of its 10% Series A Perpetual Stride Preferred Stock (STRD), expecting to bring in an estimated $979.7 million after fees and expenses, according to a press release. The shares, which sit below Strategy's other preferred offerings STRF and STRK, are set to settle on June 10. Unlike STRF, which has senior status and lower volatility, and STRK, which is convertible and pays 8%, STRD offers the highest yield among Strategy's capital products while being riskier. It comes with a non-cumulative dividend, meaning missed payments won't accrue, and dividends will only be paid when declared by the board. STRD is designed to appeal to investors seeking high-yield options. The shares are non-callable under normal conditions, with redemption clauses kicking in only under certain tax events or structural shifts in the company, the release reads. Strategy says the proceeds of the offering are going to be used for general corporate purposes, which include the acquisition of additional bitcoin. The firm's shares are up 1.7% in pre-market trading at $ in to access your portfolio
Yahoo
7 days ago
- Business
- Yahoo
Strategy Expands Capital Stack With Launch of High-Yield STRD Preferred Shares
Strategy (MSTR) has launched its third perpetual preferred instrument, the Series A Stride Preferred Stock (STRD), as it continues building out a structured yield curve for its capital stack. With a 10.00% non-cumulative fixed dividend and perpetual duration, STRD aims to provide long-term, high-yield exposure positioned between the firm's senior preferred (STRF) and convertible preferred (STRK) offerings. Unlike STRF, which offers a senior claim and is designed to be overcollateralized with lower volatility—comparable to investment-grade securities STRD is junior in seniority but delivers the highest yield of Strategy's preferred offerings. STRK, by contrast, sits between the two in both risk and return, offering an 8% fixed dividend and convertibility. At the base of the capital stack lies MSTR, the firm's common stock and primary vehicle for leveraged bitcoin exposure. According to Strategy, STRD is non-callable under normal conditions, but may be repurchased upon a 'fundamental change' or select tax events. Its quarterly dividends are discretionary and paid in cash only when declared by the board. In the broader market, STRD compares favorably against other preferred equity and high-yield bond funds. With a 10% yield and zero management fees, STRD offers a compelling alternative to ETFs like PFF (7% yield, 0.46% fee) and USHY (8% yield, 0.08% fee), while maintaining comparable volatility levels. The STRD offering supports Strategy's broader initiative to offer diversified, structured exposures that span from stable yield to high-conviction digital asset plays anchoring a new approach to capital structuring in the digital era. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-06-2025
- Business
- Yahoo
Wells Fargo sees rise of companies holding Bitcoin on balance sheets
-- Wells Fargo says Bitcoin is entering an 'institutional phase,' marked by the emergence of a new category of companies—what it calls 'Bitcoin Treasury Corps'—that are using capital markets to amass large Bitcoin holdings. 'Bitcoin is becoming institutionalized,' the firm wrote in a note, pointing to an expanding group of firms 'that use the capital markets to build bitcoin holdings.' Following the success of Strategy (formerly MicroStrategy), Wells Fargo highlighted three new Bitcoin Treasury Corps with political ties: Cantor/Tether's Twenty One, Vivek Ramaswamy's Strive, and David Bailey's Nakamoto. Together, these groups may raise as much as $25 billion. While Coinbase's inclusion in the S&P 500 is seen as 'a key symbolic milestone,' Wells Fargo argued that 'more important in our view is the growing number of Bitcoin Treasury Corps being minted.' The rise of spot Bitcoin ETFs has also accelerated institutional exposure. ETFs have attracted $136 billion in assets under management just 16 months after launch, including $11 billion in year-to-date inflows to BlackRock's IBIT, currently fourth among all ETFs. But Wells Fargo sees even greater impact ahead. 'If ETFs are a bridge between investment capital and bitcoin, the flood of new bitcoin treasury corps may become an even bigger source of AUM,' the note said. 'Strategy, the pioneer in using equity markets to fund a bitcoin treasury, is setting its sights on the $300 trillion global bond market with STRK and STRF,' said Wells Fargo. Wells Fargo believes this effort to tap the $300 trillion global bond market 'might be the most underappreciated bitcoin story of 2025.' The firm expects more Bitcoin Treasury Corps to emerge as long as public markets continue assigning a premium to their Bitcoin holdings. Related articles Wells Fargo sees rise of companies holding Bitcoin on balance sheets BioNTech soars 15% on cancer drug deal with Bristol Myers Campbell Soup beats Q3 estimates, reaffirms guidance Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
