From Cointelegraph

March 21, 2025 11:53:00 AM:

Strategy has priced its latest round of perpetual preferred stock at $85 per share, with a 10% coupon, bringing in $711 million. The company’s recent BTC purchase of 130 BTC, valued at $10.7 million, increased its total holdings to 499,226 BTC worth $41.8 billion. Strategy plans to raise more funds for Bitcoin acquisitions.

To support its Bitcoin buying spree, Strategy is selling shares of its Series A perpetual preferred stock. Despite a recent market downturn, the company is still up 26% on its investment, with over $8.6 billion in unrealized gains. However, shares of Strategy have declined by over 26% since January and 44% since its all-time high.

Shares of Strategy are currently trading at around $299, up 29% from their recent low. The company’s inclusion in the Nasdaq 100 has injected fresh capital flows but also exposed it to broader tech market downturns. Strategy continues to seek capital for its aggressive Bitcoin buying strategy, despite recent market fluctuations.

Read more at Cointelegraph: Strategy announces 10% preferred stock offering to buy more Bitcoin