Strategy Increases Planned Stock Offering from $250 Million to $1 Billion for Bitcoin Treasury

Strategy, the world's largest corporate Bitcoin holder, plans to raise nearly $1 billion through a stock offering to fund additional Bitcoin purchases. Cointelegraph reports that the company, led by executive chairman Michael Saylor, plans to issue 11,764,700 shares of 10.00% Series A Perpetual Stride Preferred Stock at a public offering price of $85 per share. Strategy estimates raising about $979.7 million from the net proceeds after deducting underwriting discounts and commissions.

The move quadruples the company's previously announced $250 million raise and introduces a new financing route beyond its historical use of common stock and convertible debt. Strategy plans to use the almost $1 billion for "general corporate purposes, including the acquisition of Bitcoin and for working capital."

Strategy's Bitcoin Accumulation Reaches Record Levels

Strategy now holds over 580,000 Bitcoins valued at approximately $64 billion as of May 2025. Bitcoin Magazine reports that at their current rate of acquisition, Strategy is on track to end 2025 with between 700,000 and 800,000 BTC. The company's average acquisition cost sits near $68,500, translating to a current mark-to-market profit of close to $15 billion.

Business Wire reports that Strategy has increased its 2025 "BTC Yield" target from 15% to 25% and its 2025 "BTC $ Gain" target from $10 billion to $15 billion. The company achieved a year-to-date "BTC Yield" of 13.7% through the first four months of 2025, meeting over 90% of its original annual target.

At the current price of approximately $104,000 per Bitcoin, the $1 billion would enable Strategy to acquire an additional 9,600 BTC. This would represent one of the largest single Bitcoin acquisitions by the company since it began its accumulation strategy in August 2020.

Corporate Bitcoin Treasury Movement Gains Momentum

Strategy's latest fundraising occurs amid growing corporate adoption of Bitcoin treasury strategies. Standard Chartered reports that 61 publicly listed companies now hold over 3% of total Bitcoin supply, with combined holdings exceeding 796,000 BTC worth over $84 billion.

PYMNTS reports that in January 2025, Strategy raised an additional $584 million through the sale of convertible preferred shares. The company has completed $20 billion of its planned $42 billion capital raise, utilizing proceeds from equity and debt financings, as well as cash flows from operations.

Recent corporate adopters include KULR Technology Group, which purchased 217.18 Bitcoin for $21 million, and Genius Group, which increased its bitcoin treasury to $35 million. CoinDesk reports that Nasdaq-listed Ming Shing bought BTC worth $47 million in early 2025.

Market Outlook and Industry Implications

Strategy's Bitcoin premium has soared to over 112% compared to spot Bitcoin prices, according to VanEck analysis from May 2025. The company's stock often trades at approximately double the value of its Bitcoin holdings, reflecting investor confidence in its acquisition strategy and Bitcoin's long-term prospects.

Bitcoin price predictions for 2025 remain optimistic, with Finance Magnates reporting that analysts project Bitcoin could reach $120,000 to $125,000 by June 2025. Long-term forecasts suggest Bitcoin could reach $150,000 to $200,000 by year-end 2025, driven by continued institutional adoption and favorable post-halving supply dynamics.

The preferred stock offering represents a new financing method for corporate Bitcoin accumulation. Unlike convertible debt, the perpetual preferred stocks will pay professional and institutional investors non-cumulative dividends equal to 10% of the stated amount. This structure provides Strategy with permanent capital while offering investors fixed returns and Bitcoin exposure through the company's continued accumulation.

Strategy's approach could inspire other corporations to explore similar financing structures for Bitcoin treasury strategies. As regulatory frameworks become clearer and accounting rules evolve, more companies may adopt variations of Strategy's model to gain Bitcoin exposure while accessing capital markets.

Related Reading on BTC Peers

For comprehensive insights into global Bitcoin policy frameworks and regulatory developments that could impact corporate Bitcoin adoption, read this detailed analysis on the Global Bitcoin Policy Index. This article provides valuable context on how different countries' Bitcoin policies affect corporate treasury strategies and institutional adoption trends worldwide. You'll gain understanding of the regulatory landscape that companies like Strategy navigate when implementing Bitcoin treasury strategies across different jurisdictions.