TL;DR

Strategy plans to offer up to $21 billion in preferred shares to strengthen its position as the largest corporate holder of Bitcoin.
The company will use various financing sources, including stock issuance and convertible debt, to increase its BTC reserves.
The 21/21 plan seeks to raise $42 billion over three years to continue acquiring Bitcoin as a reserve asset.

In a bold and unprecedented move in the financial world, Strategy has announced an offering of up to $21 billion in preferred shares to further expand its already impressive Bitcoin treasury. With this strategy, the company led by Michael Saylor reaffirms its unwavering commitment to cryptocurrency, solidifying itself as the largest corporate holder of BTC in the world.  

Agreement with Major Financial Institutions  

According to a report filed with the SEC, Strategy has signed a sales agreement with multiple renowned financial institutions, including TD Securities, Barclays Capital, and Cantor Fitzgerald. These firms will act as sales agents for the issuance of preferred shares, which will be traded on the Nasdaq Global Select Market under the ticker “STRK.”  

The offering will be carried out progressively, utilizing 12 financial entities to manage the sale of shares, who will receive up to 2% of gross revenue as commission. Shareholders who acquire these preferred shares will receive an annual dividend of 8.00%, based on a liquidation value of $100 per share, with quarterly payments. Additionally, investors will have the option to convert their shares into Class A common stock, potentially making it even more attractive for those seeking greater exposure to the company’s growth.  

The 21/21 Plan: A Long-Term Bet on Bitcoin  

This issuance is just one piece of Strategy’s ambitious “21/21 Plan,” which aims to raise a total of $42 billion over three years, divided into $21 billion in equity and another $21 billion in fixed-income instruments. By early 2025, the company had already raised $15 billion through stock issuance and $3 billion in convertible debt. The company’s focus on Bitcoin is not just about protecting its capital against inflation but also about leveraging the digital asset’s long-term bullish potential.  

With this move, Strategy reinforces its stance that Bitcoin is the best store of value today. Its current treasury stands at 499,096 BTC, with a market value of approximately $41.5 billion. While other institutional players remain hesitant to adopt the crypto asset, Michael Saylor continues to demonstrate that conviction and a well-executed strategy can redefine the global financial future.  

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Filed under: News - @ March 10, 2025 3:33 pm