Strategy launches $4.2 billion preferred stock offering program

Strategy announced it has entered into a sales agreement for an at-the-market program to issue and sell up to $4.2 billion of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC).

The company, which trades on Nasdaq under multiple tickers including MSTR, STRK, STRF, STRD, and STRC, plans to conduct sales in a disciplined manner over an extended period, considering trading price and volume conditions at the time of sale.

Strategy intends to use net proceeds for general corporate purposes, including bitcoin acquisition and working capital. The company may also use proceeds to pay cash dividends on other classes or series of preferred stock.

The STRC Stock may be sold through various methods deemed "at the market offerings" under Securities Act Rule 415(a)(4), including negotiated transactions or block trades.

Sales under the program are offered through a prospectus supplement filed with the Securities and Exchange Commission on July 31, 2025, under an automatic shelf registration statement that became effective January 27, 2025.

Strategy describes itself as a Bitcoin treasury company that has adopted bitcoin as its primary treasury reserve asset. The company also provides enterprise analytics software and uses proceeds from equity and debt financings, along with operational cash flows, to accumulate bitcoin.

The announcement was made through a press release statement from the company.

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