Strategy Books $14B Q2 Bitcoin Profit, Sets $4.2B STRD Preferred ATM Offering

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4 hours ago


Michael Saylor-led Strategy (MSTR) expects to report a second quarter $14.05 billion gain on its bitcoin holdings of more than 500,000 coins as the price of BTC rose from around $82,000 to $108,000 during the three months ended June 30.

T company during the second quarter raised $6.8 billion in net proceeds through various capital markets activities, including preferred stock offerings and at-the-market sales of class A common stock, according to a Monday morning filing. As of June 30, Strategy said it retained significant capacity for future issuances, with $18.1 billion remaining under the 2025 Common ATM, $20.5 billion under the STRK ATM, and $1.9 billion under the STRF ATM.

Subsequently Monday morning, Strategy announced it has entered into a sales agreement allowing it to issue and sell up to $4.2 billion of its 10% Series A Perpetual Stride Preferred Stock, known as STRD, under an at-the-market offering program.

Strategy plans to sell STRD Stock over time, factoring in the trading price and volumes at each sale. Proceeds from the ATM Program are earmarked for general corporate purposes, including acquiring bitcoin BTC, supporting working capital needs, and potentially paying dividends to holders of its 10% Series A Perpetual Strife Preferred Stock and 8.00% Series A Perpetual Strike Preferred Stock.

STRD shares are up 6% since their launch on June 11. MSTR is lower by 1.2% in premarket trading on Monday as bitcoin slips a hair from late last week, trading at $108,300.



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