Strategy clarified that this issuance will be in addition to the 8.5 million STRF shares already in circulation.
The preferred stock is not convertible into other securities and offers no preemptive rights to investors. This means holders will not gain priority in future stock offerings nor benefit from equity conversions.
“STRF pays a 10% yield, is overcollateralized with BTC, and is engineered to look pristine to TradFi. The goal? Investment-grade treatment. While Wall Street pushes spot ETFs, Strategy is building an entire Bitcoin credit market—STRK, STRF, converts, and high-yield ETFs all tied to MSTR.”
The latest share sale is part of Strategy’s broader 42/42 capital raising plan.
With the latest move, the company has three ATM sales programs running simultaneously, including an MSTR program, which can still raise approximately $18.89 billion.
Meanwhile, the firm has allocated $21.79 billion to STRK and $2.1 billion to STRF.
