A business intelligence firm and Bitcoin investor is gearing up to issue 5 million shares of its Series A Perpetual Strife Preferred Stock, aiming to channel the proceeds into acquiring additional Bitcoin.
In their announcement, the firm revealed plans to utilize the funds for a range of purposes, including working capital and the “purchase of Bitcoin.” However, they emphasized that these plans remain contingent on market conditions and other factors.
The firm indicated that the stock will offer cumulative dividends of 10% annually. Furthermore, dividends for shareholders are projected to be distributed quarterly, beginning on June 30, 2025.
The firm stated it retains the option to repurchase the shares for cash if the total number of outstanding shares falls below 25% of the initial issuance.
Latest Bitcoin Buy is the Firm’s Most Minimal
This announcement comes on the heels of the company’s smallest documented Bitcoin acquisition. On March 17, it shared that it had acquired 130 Bitcoin (BTC) for $10.7 million, averaging around $82,981 per BTC.
This latest transaction marks the smallest Bitcoin purchase by the company since it entered the market in August 2020. Prior to this, the least amount of Bitcoin it had purchased was 169 BTC in August 2024.
The timing of this minimal acquisition coincides with increasing speculation that the Bitcoin bullish market phase has concluded. On March 18, CryptoQuant’s founder and CEO expressed his belief that a bearish or sideways market trend could prevail for 6 to 12 months.
Related: Firm’s Bitcoin portfolio still shows a gain of over $7 billion despite market slump
Firm Approaches 500,000 BTC Holdings
Since initiating its Bitcoin investments, the company and its subsidiaries have amassed 499,226 BTC, with a total expenditure of $33.1 billion. The average price paid for these bitcoins was $66,360 each, inclusive of fees and related costs.
If the firm decides to purchase an additional 774 BTC (approximately $64 million), its total Bitcoin holdings would hit the 500,000 mark, accounting for 2.38% of the entire Bitcoin supply.
It continues to hold the title as the world’s largest corporate Bitcoin investor and has earned over $8 billion on its Bitcoin investments despite facing recent market challenges. Currently, the value of its BTC holdings stands at about $41.1 billion.
Magazine Feature: Crypto enthusiasts are captivated by longevity and biohacking: Here’s the reason