Strategy, the world’s largest corporate Bitcoin holder, is launching a new stock offering to raise funds for investing in Bitcoin. The offering includes 5 million shares of Variable Rate Series A Perpetual Stretch Preferred Stock with a 9% annual dividend. The goal is to trade the stock like a synthetic stablecoin, converting fiat into Bitcoin at velocity.

The new offering will be available through an initial public offering to select investors. Strategy aims to adjust the dividend rate to keep the stock trading close to its $100 per share value. This mechanism enables Strategy to attract fiat via yield and dollar-cost average into Bitcoin, increasing confidence in Bitcoin’s price trajectory.

Bitcoin-focused treasury companies like Strategy and Metaplanet may lead Bitcoin to become a $100 trillion market opportunity. Adam Back, Blockstream’s co-founder, believes these companies could drive hyperbitcoinization, making it scalable for big listed companies to move to Bitcoin treasury. This move could front-run hyperbitcoinization and lead to a sustainable, scalable trade worth trillions.

Read more at Cointelegraph: Strategy to keep STRC Fund Pegged to $100