Strategy has raised more than $2 billion through its STRC preferred stock program over the last week, signaling an aggressive push to expand its Bitcoin holdings. The company continues to attract capital as it maintains its well-known cryptocurrency acquisition strategy. The surge in funding comes amid steady inflows to STRC between May 11 and May 14, according to Bitcoin Treasuries data.
The substantial capital raise underscores Strategy's commitment to accumulating Bitcoin as a core treasury asset. The firm has long positioned itself as a major corporate holder of the cryptocurrency, using equity-linked instruments to finance purchases. This move could further solidify its influence on Bitcoin markets.
Bitcoin Treasuries data shows that the STRC program saw notable inflows during the mid-May window, though exact daily figures were not disclosed. The $2 billion total represents proceeds from the offering, which may include investor demand for the preferred shares. Strategy has not specified the exact amount of Bitcoin bought with these funds.
The capital injection could allow Strategy to acquire tens of thousands of additional Bitcoin, potentially impacting market prices. However, the strategy also exposes the company to heightened volatility risk if Bitcoin prices decline sharply. Investors will watch for further disclosures on purchases.
Critics argue that relying on dilutive equity raises to buy a volatile asset is unsustainable long-term, especially if Bitcoin faces a prolonged downturn.