- Strategy acquired 4,225 BTC in a week, boosting its total holdings to 601,550 BTC.
- Over $472M in bitcoin was funded via preferred stock sales, not traditional debt.
- STRK, STRF, and STRD offerings support scalable BTC buys with tailored risk profiles.
Strategy has added $472.5 million in bitcoin between July 7 and July 13, funded through its preferred stock proceeds. The company acquired 4,225 BTC at an average price of $111,827 per bitcoin during the seven days. Strategy now holds 601,550 BTC, reinforcing its lead in corporate bitcoin accumulation.
The firm used proceeds from ATM offerings of four stock classes, MSTR, STRK, STRF, and STRD, to complete the latest acquisition. Strategy sold 797,008 MSTR shares for $330.9 million, while issuing various preferred shares for additional capital. These included $71.1 million from STRK, $55.3 million from STRF, and $15 million from STRD sales.
The proceeds were channeled directly into bitcoin, aligning with Strategy’s capital deployment model. As of July 13, Strategy still has over $43.3 billion in preferred stock capacity across its programs. This reserve strengthens its ability to continue scaling BTC holdings without relying on debt.
STRK Drives Balanced Risk Allocation
Strategy issued 573,976 shares of STRK for $71.1 million during the week. STRK is a convertible preferred stock offering a fixed 8% annual dividend and combines yield with potential upside. The company has $20.45 billion in STRK capacity left for future offerings.
STRK appeals to holders seeking upside without sacrificing stability, as it bridges the gap between common stock volatility and fixed-return securities. Strategy positioned STRK as a key funding mechanism to support BTC acquisitions while keeping the balance sheet flexible. This approach supports the ongoing execution of the “42/42” capital plan.
The firm’s strategy continues to prioritize bitcoin accumulation without overextending liabilities. STRK allows future capital raises while preserving conversion potential if market conditions improve. Strategy remains firm on its capital structure, aiming to raise $84 billion for bitcoin through 2027.
STRF Adds Cumulative Yield Strength
Strategy also sold 444,005 STRF shares, generating $55.3 million to support the bitcoin acquisition. STRF offers a 10% fixed cumulative annual dividend, making it the most conservative of the firm’s preferred options. About $1.88 billion in STRF issuance capacity remains available.
The cumulative nature of STRF provides holders with deferred but assured payouts, even during periods of underperformance. Strategy uses STRF to attract capital seeking a guaranteed return with lower exposure to equity risk. This enhances financial durability and broadens its funding base.
The conservative nature of STRF makes it suitable for backstopping bitcoin purchases during market uncertainty. By combining STRF with other classes, Strategy maintains agility in capital sourcing. This layered funding approach strengthens treasury operations while safeguarding liquidity.
STRD Delivers Higher Risk, Greater Upside
The firm raised $15 million from 158,278 STRD shares issued last week. STRD offers a 10% fixed non-cumulative annual dividend and is non-convertible, implying higher risk. However, it carries potential for significant accretion to MSTR shareholders.
STRD is designed for investors seeking high returns, focusing on the potential increase in the value of bitcoin. STRD Strategy can still issue more than $4.19 billion into the market. The stock class is very essential when it comes to maximizing capital efficiency.
STRD aids in the composition of conservative and aggressive financing mechanisms for the firm. Strategy utilizes this model to expand BTC reserves at the lowest possible cost per shareholder. The mixed shares structure allows for continued development while providing customized risk exposure.
Related: Bitcoin Tops $122K After Inflation Drops and Bulls Stay in Control
Bitcoin Remains Core to Strategy’s Vision
The volume of bitcoins held by Strategy exceeds $73 billion. The average buying price is $71,268 per bitcoin, which indicates a good long-term positioning. Strategy is the corporate BTC market leader with over 2.8% of the cryptocurrency supply.
Strategy incurs relatively low debt levels despite the high valuation premium and active acquisition. The company is not required to repay its funds until 2028, which backs the schedule of its acquisition. It also recorded the $14.05 billion in unrealized gains in the previous quarter.
The company continues to regularly purchase bitcoin through the issuance of preferred stock. Its growing treasury practice operates within this formulated, equity-based funding system. The company adheres to its bitcoin-first capital deployment strategy.
