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+--- Thread: News News Michael Saylor’s Strategy plans to offer 5M shares to buy more Bitcoin (/showthread.php?tid=706)
News Michael Saylor’s Strategy plans to offer 5M shares to buy more Bitcoin - Team - 03-19-2025
News Michael Saylor’s Strategy plans to offer 5M shares to buy more Bitcoin
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTEvMDE5MzQ2ZDUtMGZhNi03NDRkLWJlMWItM2JhM2M4NmFjYmU5.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTEvMDE5MzQ2ZDUtMGZhNi03NDRkLWJlMWItM2JhM2M4NmFjYmU5.jpg" alt="Michael Saylor’s Strategy plans to offer 5M shares to buy more Bitcoin"></p><p>Business intelligence firm and Bitcoin investor Strategy plans to offer 5 million shares of the company’s Series A Perpetual Strife Preferred Stock and use the proceeds to purchase more Bitcoin. <p>In an announcement, the company <a data-ct-non-breakable="null" href="https://www.sec.gov/Archives/edgar/data/1050446/000119312525056203/d888756dex991.htm" rel="null" target="null" text="null" title="null">said</a> it intends to use the proceeds for general purposes. This includes its working capital and “acquisition of Bitcoin.” However, the company said this is still subject to market and other conditions. </p><p>According to Strategy, the stock will accumulate cumulative dividends at 10% annually. The company also noted that stockholders would receive dividends on the stock quarterly, starting on June 30, 2025. </p><p>Strategy said it could buy back all of this stock for cash if the total number of shares left in the market drops below 25% of the issued amount. </p><template data-ct-widget="buzzsprout" data-buzzsprout-podcast-id="2274877" data-buzzsprout-episode-id="16531981"></template><h2>Strategy makes smallest Bitcoin purchase on record</h2><p>The announcement follows the company’s <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/michael-saylor-strategy-records-smallest-bitcoin-purchase" rel="null" target="null" text="null" title="null">smallest known Bitcoin purchase</a>. On March 17, the company announced that it purchased 130 Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) for $10.7 million in cash, at an average price of about $82,981 per BTC.</p><p>The most recent BTC buy is the company’s smallest amount since its <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/worlds-biggest-business-intelligence-firm-buys-21k-btc-for-250m" rel="null" target="null" text="null" title="null">first Bitcoin investment</a> in August 2020. Before the latest purchase, the least amount of BTC bought by Strategy was a 169-Bitcoin purchase made in August 2024. </p><p>Strategy’s smallest BTC purchase comes amid sentiments that the Bitcoin bull cycle is over. On March 18, CryptoQuant founder and CEO Ki Young Ju said the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-bull-run-over-cryptoquant-ceo-sparking-debate" rel="null" target="null" text="null" title="null">bull cycle is over</a> and that he’s expecting 6 to 12 months of bearish or sideways price action. </p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/strategy-bitcoin-stash-up-7-billion-500k-btc-holdings" rel="null" target="null" text="null" title="null"><em><strong>Strategy’s Bitcoin stash still up over $7B despite market downturn</strong></em></a></p><h2>Strategy’s Bitcoin holdings near 500,000</h2><p>Since its first Bitcoin investment, the company and its subsidiaries have accumulated 499,226 BTC at an aggregate purchase price of $33.1 billion. The coins were bought at an average price of $66,360 per BTC, including fees and expenses.</p><p>If the company buys 774 BTC (about $64 million), its total holdings will reach 500,000. This would be 2.38% of the entire Bitcoin supply. </p><p>The company remains the largest corporate Bitcoin holder in the world and is still up by over $8 billion on its BTC investments despite the recent market downturn. At the time of writing, Strategy’s BTC holdings are worth about $41.1 billion. </p><iframe width="100%" height="315" src="https://www.youtube.com/embed/6UnogdVQWrE?start=" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen loading="lazy"></iframe><p><em><strong>Magazine: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/crypto-fans-obsessed-longevity-biohacking-why/" rel="null" target="null" text="null" title="null"><em><strong>Crypto fans are obsessed with longevity and biohacking: Here’s why</strong></em></a></p><template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template></p>
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