Strategy plans to acquire additional bitcoins through stock sales., 2026/02/12 13:20:59

The company Strategy, the largest publicly traded corporate holder of bitcoins, has announced a shift in its approach to financing cryptocurrency acquisitions. Instead of selling common shares, it plans to more actively utilize the issuance of preferred shares, as stated by CEO Phong Le.

This involves the issuance of perpetual preferred shares Stretch (STRC) with an 11% yield, which Strategy began offering in July. STRC represents the fourth series of preferred securities from the company. According to Phong Le, the issuance of preferred shares to bolster the bitcoin reserve helps avoid the depreciation of securities that typically occurs with the issuance of new common shares. 

Phong Le mentioned on Bloomberg that promoting preferred shares requires time and significant marketing efforts, but he is optimistic that within a year, Stretch will become one of the company’s primary products. 

In early February, amid a downturn in the cryptocurrency market, Stretch fell below $94. By the close of trading on Wednesday, February 11, STRC returned to its nominal value of $100 for the first time since mid-January. The CEO indicated that now that the shares are trading at par, the company can resume the issuance of securities to finance new bitcoin purchases. 

Strategy currently does not plan to diversify its business or acquire less successful companies to gain access to their bitcoin reserves at a reduced price, as stated by Phong Le. He noted that in any new market—whether it be electric vehicles or artificial intelligence—it is crucial to focus on the core product. Acquiring another company with a stockpile of digital assets, even at a discount, would, in the CEO’s view, “be a distracting maneuver.” 

Recently, Strategy purchased 1,142 bitcoins for $90 million. The company now holds a total of 714,644 BTC. This acquisition was entirely financed through the sale of common shares of the company.