# Strategy Now Seeking $2.5B from "Stretch" Offering

*Author: Bankless*
*Published: Jul 25, 2025*
*Source: https://www.bankless.com/read/strategy-now-seeking-2-5b-from-stretch-offering*

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Strategy (formerly MicroStrategy) has expanded its latest $500M preferred stock raise to $2.52 billion, deploying capital into fresh Bitcoin purchases as part of its broader “21/21 Plan” to hold billions in BTC reserves.

### What’s the Scoop?
- **Massive Upsize:** Strategy priced a Variable Rate Series A “Stretch” preferred stock offering at $90 per share, raising $2.52 billion—up from the initial $500M—to fund further Bitcoin accumulation.
- **Bitcoin Acquisitions Continue:** The firm disclosed acquiring 6,220 BTC (~$740 million)—bringing its total corporate holdings to 607,770 BTC, now worth over $72 billion.
- **Convertible Debt Playbook:** Strategy’s move mirrors prior $2B zero-coupon convertible note offerings—designed to replace debt with permanent capital and limit redemption risk.
- **Treasury Leader Role:** With both equity and debt layers allocated, Strategy remains the top public corporate Bitcoin treasury, holding roughly 2.3% of BTC supply and influencing market narratives.
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