Strategy disclosed its third smallest Bitcoin acquisition of the year, purchasing $22 million worth of the asset, bringing its total to 640,000 BTC valued at $73.1 billion as Bitcoin surpassed $114,000. The acquisition was funded by selling common shares and preferred shares, signaling Strategy’s ability to raise funds.

The firm raised $128 million, pocketing the difference after selling shares and unveiling a new type of preferred shares with a 10% dividend. Analysts speculate the extra $106 million raised will cover cash interest and future dividends. Strategy plans to pay its first dividend to preferred share holders, with obligations around $30 million per quarter.

Strategy shares rose 5% to $324, often seen as a proxy to Bitcoin. The company has diversified its funding mechanisms for Bitcoin purchases, becoming the largest corporate holder of Bitcoin. Despite criticisms of a potential Ponzi scheme due to dividend obligations, market demand for bitcoin-backed credit instruments is growing.

There are indications that Strategy is focused on meeting its dividend obligations, as seen when the company withheld a portion of the proceeds from a recent raise. This move, along with the focus on preferred shares, demonstrates Strategy’s commitment to fulfilling its financial obligations.

Read more at Yahoo Finance: Strategy Notches Third Smallest Bitcoin Purchase in 2025 as Dividend Payments Approach