Strategy Plans to Raise an Additional $500 Million via Share Sale
Date: 2025-07-23 Author: Gabriel Deangelo Categories: BUSINESS
Strategy continues to actively use share issuance to finance the purchase of cryptocurrency, primarily Bitcoin. There are different types of securities in circulation, including Class A common shares with the ticker MSTR, as well as several types of preferred shares - STRK, STRF, and STRD. All of them are offered to investors with a par value of $100 and provide for monthly dividends that reach 9% in annualized terms.
Between October 2024 and June 2025, Strategy sold more than 27.5 million shares worth about $5.39 billion. These funds are used to expand the company's crypto portfolio, which has acquired about 607,770 BTC since 2020. This is estimated to be about 3% of the total number of issued Bitcoin. Strategy spent over $43 billion to acquire these digital assets.
Despite its massive accumulations, Strategy's business model is controversial among analysts. For example, Jim Chanos, founder of Chanos & Company, expressed the opinion that the company's approach is associated with high risk. According to him, the constant issuance of new shares leads to dilution of the shares of existing shareholders, and the debt burden continues to grow, which may negatively affect the financial stability of Strategy.
Nevertheless, the company continues to adhere to its strategy of accumulating bitcoin, counting on long-term growth in the value of the cryptocurrency and dividend payments for investors. The sale of shares remains a key instrument for raising capital, allowing it to replenish reserves and strengthen its position in the digital asset market.
Thus, Strategy remains one of the largest institutional players in the crypto industry, accumulating significant volumes of bitcoins and continuing to expand its financial base through the issuance of shares and dividend payments.
