Strategy (formerly MicroStrategy) plans to issue an additional 5 million Class A preferred shares at a price of $100 per share.

Strategy today announced the launch of $STRF ("Strife"), a new perpetual preferred stock offering, available to institutional investors and select non-institutional investors. For more information, click here. $MSTR https://t.co/XM7XbMepEY
— Michael Saylor⚡️ (@saylor) March 18, 2025

The company will use the proceeds to fund general corporate purposes, including acquiring Bitcoin.

The shares will carry a fixed 10% annual dividend, paid quarterly in cash. Strategy reserves the right to buy back part or all of the issued shares.

The announcement follows the company’s recent purchase of 130 BTC for $10.7 million—its smallest acquisition of digital gold since launching its Bitcoin strategy in August 2020.

Is that all you bought? Seems like you are running out of fire power.
— Peter Schiff (@PeterSchiff) March 17, 2025

“Is that all you bought? Looks like you’re running out of firepower,” commented Euro Pacific Capital President Peter Schiff.

With this latest transaction, Strategy’s total Bitcoin holdings have reached 499,226 BTC. Meanwhile, prominent internet entrepreneur Jason Calacanis accused the company’s founder, Michael Saylor, of “hijacking” Bitcoin.

Correct

Bitcoin has been hijacked and folks like @Saylor will break the game
— @jason (@Jason) March 17, 2025

According to Calacanis, a few major players accumulating large stakes in digital gold could undermine the narrative of Bitcoin as a decentralized asset.

Anthony Pompliano, founder and CEO of Professional Capital Management, strongly disagreed, arguing that as a publicly traded company, Strategy’s shares—and by extension, its Bitcoin reserves—are owned by “thousands of investors.”

Peter Schiff also weighed in on Strategy’s $500 million preferred stock issuance.

This is ridiculous. It's a pathetic Hail Mary to keep the air from coming out of the Bitcoin bubble. The only thing keeping it from deflating completely is the Trump administration's support. Once that goes, it's all over for Bitcoin and $MSTR.
— Peter Schiff (@PeterSchiff) March 18, 2025

“This is ridiculous. A pathetic attempt to keep the Bitcoin bubble from bursting. The only thing holding it up is support from the [Donald] Trump administration. Once that’s gone, BTC and Strategy are finished,” wrote the well-known gold advocate.

Simon Dixon, founder of BnkToTheFuture, pointed out that promising fixed 10% dividends without guaranteed revenue poses a significant risk for Strategy. However, he speculated that in case of financial trouble, the government might nationalize the company, calling it a “strategic move” toward creating a national Bitcoin reserve.

Reminder: Strategy aims to raise a total of $21 billion through Class A preferred stock offerings.