Latest news with #STRK
Yahoo
30-06-2025
- Business
- Yahoo
Michael Saylor's Strategy Added 4,980 Bitcoin Last Week, Bringing Stack to 597,325 Coins
Strategy (MSTR), the largest publicly traded company holding bitcoin (BTC), boosted its BTC reserves by buying 4,980 BTC for a total of $531.9 million last week. This addition brings Strategy's total bitcoin holdings to 597,235 BTC purchased for $42.4 billion, or an average price of $70,982 each. At bitcoin's current price of about $107,500, that stack is worth more than $64 billion. Strategy financed the purchase through $519 million of common share sales alongside about $59 million of STRK and STRF preferred stock sales. MSTR shares rose 3.6% to $397.49. UPDATE (June 30, 15:50 UTC): Adds lead photo; updates stock price. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-06-2025
- Business
- Yahoo
Strategy Launches STRD, Its Third 'Bitcoin-Backed' Preferred Stock on Nasdaq
Strategy (MSTR) has officially launched trading of its third "bitcoin-backed preferred stock", STRD, on the Nasdaq, with shares making their debut on Wednesday. The new security, formally named the 10% Series A Perpetual Stride Preferred Stock (STRD), closed the day slightly higher, gaining 0.24%. STRD offers a fixed 10% annual dividend, making it the highest-yielding instrument among Strategy's capital offerings, which also include STRF and STRK. Unlike those, STRD is non-convertible and non-cumulative, meaning dividends are paid only when declared by the board and do not accrue if missed. Despite this added risk, the product is positioned to attract long-term investors seeking strong yield with no management fees. Strategy aims to raise nearly $1 billion through the offering by selling 11.76 million shares at $85 each. Net proceeds are expected to total around $979.7 million after fees and expenses. According to the company, the funds will be used for general corporate purposes, and further accumulation of bitcoin. Investor interest appears strong, including from inside the company. Board member Jarrod Patten disclosed the purchase of 5,000 STRD shares. Patten already holds 28,000 shares of MSTR Class A common stock and 10,000 shares of STRF, another preferred security issued by the in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-06-2025
- Business
- Yahoo
Strategy Shifts Capital Raise to Preferred Stocks as Common Share Issuance Loses Allure
Over the past two weeks, Strategy (MSTR) has refrained from utilizing the at-the-market (ATM) equity program on its common shares to fund bitcoin BTC purchases, choosing instead to use the programs on its two perpetual preferred stocks. The choice most likely reflects the narrowing premium between the company's share price and its multiple net asset value (mNAV) or, more colloquially, the difference between its market cap and the value of its bitcoin holdings, and allows Strategy to raise funds to buy more BTC without diluting shareholders' stakes in the company. When the share price trades close to the underlying bitcoin asset value, issuing common shares via ATM becomes less attractive. Such offerings are typically only advantageous when executed at a meaningful premium. Strategy funded its most recent 1,045 BTC purchase using proceeds from its two perpetual preferred stock ATMs: 59.18% from the STRK offering and 40.82% from the STRF one. These preferred stocks have demonstrated strong lifetime returns of 35% for STRK and 24% for STRF. This gives the company greater flexibility to continue accumulating bitcoin while preserving upside for common stock investors. There's also an additional dynamic at play, according to analyst Jeff Walton. The effective dividend yields of STRK and STRF have steadily declined from about 10% even though the yield on the benchmark U.S. 10-year Treasury has remained relatively constant at 4.5%. That's because the dividend yield falls as the price of the stock increases, a bond-like behavior that makes the preferred shares more attractive in a stable rate environment. Strategy is likely to reengage the ATM on its common stock if the share price rises significantly, particularly if it exceeds twice the mNAV, which would allow room for dilutive issuance at a premium. While the common stock ATM remains the primary mechanism to fund dividend obligations on the preferred shares, Strategy retains the option to use the preferred stock ATMs for this purpose as well, depending on market conditions.
Yahoo
09-06-2025
- Business
- Yahoo
Strategy adds 1,045 Bitcoin after $112M stock sale
Strategy adds 1,045 Bitcoin after $112M stock sale originally appeared on TheStreet. MicroStrategy Inc., now operating as Strategy, has announced a significant update regarding its capital-raising and Bitcoin purchase plans in a newly filed Form 8-K. During the period from June 2 through June 8, 2025, Strategy sold an aggregate of approximately $112.2 million worth of two classes of preferred stock — STRK and STRF — pursuant to at-the-market (ATM) offerings. The company sold 626,639 shares of STRK, resulting in net proceeds of $66.4 million, and 432,679 shares of STRF, resulting in net proceeds of $45.8 million. Notably, no new common stock (MSTR) was issued during this period, with $18.63 billion of capacity remaining available under the common ATM program. From the proceeds of the offer, Strategy purchased 1,045 BTC for approximately $110.2 million, at an average price of $105,426 per Bitcoin. With this purchase, the company now holds a total of 582,000 BTC, which were bought at an average price of $70,086, bringing its total investment to $40.79 billion. Strategy last unveiled its – when it reported a holding of 580,955 BTC worth around $61 billion at the time. Executive Chairman Michael Saylor, in the meantime, has been a headline-maker not only for his purchases of Bitcoin, but also for his signature style: specifically, his preference for orange ties, as a nod to Bitcoin's big, bold color. In January he wore one to Washington, D.C.; by June 4, he had taken things one step further: That day, he put his orange tie up for sale in return for $80 in Bitcoin. In crypto culture, to be 'orange-pilled' is to believe deeply in Bitcoin's revolutionary power. Strategy adds 1,045 Bitcoin after $112M stock sale first appeared on TheStreet on Jun 9, 2025 This story was originally reported by TheStreet on Jun 9, 2025, where it first appeared. Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
Yahoo
09-06-2025
- Business
- Yahoo
Michael Saylor's Strategy Added 1,045 Bitcoin for $110M Last Week
Michael Saylor-led Stategy (MSTR) yet again topped up its sizable bitcoin BTC holdings last week, adding an additional 1,045 BTC for $110.2 million. The average purchase price of this latest buy was $105,426 each and the average purchase price for the company's 582,000 coin stack rose to $70,086 each. With bitcoin trading at about $107,500 Monday morning, MSTR's holdings are worth roughly $62.5 billion. Last week's buys were funded via at-the-market sales of MSTR's STRK and STRF preferred stocks, according to an SEC filing. MSTR stock is higher by 2% in premarket action as bitcoin rose from Friday's close in the $105,000 area. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
