Strategy Ups Its Strife Perpetual Stock Offering to $723 Million, Aiming to Boost Its Bitcoin Stash

According to Strategy's Friday announcement, the company will offer 8,500,000 shares of its 10% Series A Perpetual Strife Preferred Stock at $85 per share.

American software intelligence company Strategy, helmed by Bitcoin maximalist Michael Saylor, has increased the size of its recently announced Strife perpetual stock offering to $723 million.

This move is part of Strategy’s ongoing efforts to expand its Bitcoin stash, which is nearing the 500,000 BTC milestone.

Strategy’s Unrelenting Bitcoin Buys

According to Strategy’s Friday announcement, it will offer 8,500,000 shares of its 10% Series A Perpetual Strife Preferred Stock at $85 per share. The company expects its sale of preferred stock to close on March 25.

Strategy initially set out to raise $500 million from this offering of its so-called "preferred strife perpetual stock." But strong demand saw it expand the offering to $722.5 million.

Of this amount, $711.2 million will be used to buy more of the world’s largest crypto by market cap, and the remaining $11.3 million will cover offering costs, the Tysons Corner, Virginia-based firm said.

Strategy currently owns 499,226 BTC (worth well over $41 billion), so its imminent fresh round of buys should push its stockpile well above the 500,000 mark. For perspective, Strategy now holds nearly 2.4% of Bitcoin’s total 21 million supply.

Available only to institutional investors, Strategy’s Strife will pay quarterly dividends starting on June 30. Unlike Strategy’s so-called STRK, another form of perpetual preferred product, the new offering’s dividend is payable only in cash.

However, according to Strife’s terms, the company is allowed to delay dividend payments. Strategy said in the statement that unpaid dividends will accrue and compound at an increasing rate of up to 18% per annum.

Strategy retains redemption rights for all shares if the outstanding amount falls below 25% of the total shares issued initially, or in case of certain tax events. But in case of a "fundamental change", the holders will have the right to require the company to repurchase their shares at the indicated amount.

Saylor’s Vision

The Strife offering is a key component of Strategy’s ambitious "21/21 plan," which targets a capital raise of a whopping $42 billion in equity offerings and fixed-income securities to fund its multibillion-dollar BTC buying spree aggressively.

Known as one of Bitcoin’s biggest proponents, Michael Saylor has stressed Strategy’s commitment to HODLing its BTC stack for the long haul.

Speaking at Future Proof Citywide in Miami earlier this week, he noted Bitcoin’s recent downturn. Changing rate cut expectations, President Trump’s tariffs, and economic concerns have resulted in a "macro, risk-off zone," Saylor opined.

"When that flips, I think Bitcoin will rip forward with a vengeance," the BTC bull added.

Strategy remains the world’s largest corporate Bitcoin holder, notching unrealized profits of about $8 billion on its BTC investments despite the Bitcoin price drop. Buying BTC is a no-brainer for Saylor. He believes the asset will hit $13 million by 2045 and deems $3 million a "bear case."