Hassan Maishera
TL;DR
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Michael Saylor’s Strategy is looking to raise another $500 million to purchase bitcoins.
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The company bought 6,220 BTC for $739.8 million at $118,940 per bitcoin.
Strategy to Raise $500M for Bitcoin Purchase
Leading Bitcoin treasury company Strategy announced the launch of its latest fundraising vehicle for additional bitcoin purchases.
While announcing this on Monday, the Michael Saylor-led company said the STRC Preferred Stock (nicknamed "stretch" by the company) will have an initial dividend rate of 9%. The company is looking to sell 5 million shares at $100 each for a total of $500 million.
The STRC Preferred Stock will join Strategy’s other preferred series of shares, STRK, STRF, and STRD, in addition to the common stock at-the-market program, through which Strategy raised $736 million just last week for more bitcoin acquisitions.
Michael Saylor announced on Monday that the company purchased 6,220 BTC for $739.8 million at $118,940 per bitcoin. Strategy now has a BTC Yield of 20.8% YTD 2025.
Strategy has acquired 6,220 BTC for ~$739.8 million at ~$118,940 per bitcoin and has achieved BTC Yield of 20.8% YTD 2025. As of 7/20/2025, we hodl 607,770 $BTC acquired for ~$43.61 billion at ~$71,756 per bitcoin. $MSTR $STRK $STRF $STRD https://t.co/8z5HygrDWs
— Michael Saylor (@saylor) July 21, 2025
Currently, MicroStrategy is the leading corporate Bitcoin holder in the world. The company holds 607,770 $BTC acquired for $43.61 billion at $71,756 per bitcoin.
Bitcoin is currently trading at $117,615, down by less than 1% in the last 24 hours.
