Big news from Strategy, you might remember them as MicroStrategy—they announced on Tuesday that they’re looking to raise up to half a billion dollars through a new offering. Guess what they’re planning to do with it? Buy even more Bitcoin, of course.

So, here’s the deal: they’re rolling out a brand new type of preferred stock they’re calling “Strife.” Each share will go for $100, and get this, it’ll pay a fixed rate of 10%! They dropped all the details in a press release if you want to dig into the specifics.

This new “Strife” stock is just for the big players, institutional investors only. And get this, they’re aiming to pay out the first dividend in about 100 days. What’s interesting is how “Strife” stacks up against their other preferred stock, “Strike.” The key difference? “Strife” is all about cash dividends, no crypto payouts here.

Remember last year when Strategy was on a roll, raising billions by selling stock and those 0% interest convertible bonds? Well, this new “Strife” offering at 10% interest is definitely turning up the dial! Especially when you consider their “Strike” offering from January paid out an 8% dividend.

And speaking of Bitcoin, on Monday, they let everyone know they had snapped up around $10.7 million more of the crypto. With their total Bitcoin holdings already around $41.4 billion, this latest purchase bumped up their stash by about 0.026%. Every little bit counts, right?

Even though they took a few weeks to announce this recent Bitcoin buy, analysts chatting with Decrypt suggest there’s no sign of Strategy slowing down on their Bitcoin accumulation. That’s despite the current market making it tougher for them to raise the cash they need to keep buying.

https://x.com/saylor/status/1901969874441654434

Now, onto the market reaction. When the markets opened on Tuesday, Strategy’s stock price took a bit of a dip, dropping 6.5% to around $275, according to Yahoo Finance. Overall, Strategy shares are down 5.5% this year, but it’s worth noting they’ve still doubled in value over the last six months. Quite a ride!

Earlier this week in Miami, at the Future Proof Citywide event, Strategy co-founder Michael Saylor touched on Bitcoin’s recent price dip. He pointed to shifting expectations for rate cuts, tariffs, and economic worries as creating a “macro, risk-off zone.” Essentially, market jitters are hitting everything, including crypto.

But, always the optimist, Saylor followed up with, “When that flips, I think Bitcoin will rip forward with a vengeance.” So, he’s still bullish on Bitcoin’s future!

Edited by James Rubin