Strategy Inc. ($MSTR) said it purchased $1 billion worth of Bitcoin in the week ended April 12, funding the acquisition entirely through sales of its “Stretch” perpetual preferred shares for the first time since launching the securities. The company disclosed in an SEC filing that it acquired 13,927 Bitcoin, reinforcing its position as the largest corporate holder of the digital asset.
- Strategy funded the full $1B Bitcoin purchase via preferred shares rather than common stock issuance.
- The company’s STRC preferred securities carry an 11.5% dividend, increasing fixed payment obligations.
- Shift comes as Bitcoin’s decline since its October peak reduced the premium Strategy previously used to raise equity capital.
- Strategy has raised tens of billions historically through common stock sales tied to Bitcoin accumulation.
- The firm holds approximately $55 billion in Bitcoin, maintaining the largest corporate position globally.
- Shares rose about 1.6% to $130.22 intraday but remain down roughly 56% over the past year.
- Bitcoin traded near $71,800, up less than 1% on the day.
Relevant Companies
- Strategy Inc. ($MSTR) – Direct exposure as the largest corporate Bitcoin holder and issuer of preferred shares used to fund purchases.
- Coinbase Global ($COIN) – Trading volumes and custody services may be influenced by large institutional Bitcoin transactions.
- Riot Platforms ($RIOT) – Bitcoin price movements directly impact mining economics and equity performance.
Editor’s Note: This is a developing story. This article may be updated as more detail
