Business intelligence firm Strategy plans to issue 5 million shares of its Series A Perpetual Preferred Stock to raise funds for buying more Bitcoin, according to a company announcement.
The company said it will use the proceeds for general corporate purposes, including working capital and Bitcoin acquisitions. The plan remains subject to market and other conditions.
The new stock will carry a 10% annual dividend, with payments to shareholders starting on June 30, 2025. Strategy also stated it could repurchase all outstanding shares if the number of shares in the market falls below 25% of the issued amount.
Smallest Bitcoin Purchase to Date
The announcement follows Strategy’s smallest Bitcoin purchase on record. On March 17, the company bought 130 BTC for $10.7 million, paying an average of $82,981 per Bitcoin. This was the firm’s smallest acquisition since it began investing in Bitcoin in August 2020. The previous low was a 169-Bitcoin purchase in August 2024.
The modest purchase comes as market sentiment cools. On March 18, CryptoQuant CEO Ki Young Ju said the Bitcoin bull cycle is over and predicted 6 to 12 months of bearish or sideways price action.
Bitcoin Holdings Near 500,000 BTC
Since its first Bitcoin buy, Strategy and its subsidiaries have accumulated 499,226 BTC at a total cost of $33.1 billion, averaging $66,360 per coin. If the company purchases an additional 774 BTC (worth about $64 million), its holdings would reach 500,000 BTC—2.38% of the total Bitcoin supply.
Despite the market downturn, Strategy remains the largest corporate Bitcoin holder, with its BTC holdings valued at around $41.1 billion—up more than $8 billion from its purchase price.