Summary: Strategy lifts latest preferred stock sale to $2B for more Bitcoin buys

Strategy's Billion-Dollar Bitcoin Bet: Doubling Down on Digital Gold Strategy is making headlines with an audacious plan to significantly expand its preferred equity offering. The company aims to raise a staggering $2 billion, quadrupling its initial $500 million target. This bold financial maneuver has one singular purpose: to acquire an even larger hoard of Bitcoin (BTC). The move comes as Bitcoin continues its powerful, ETF-driven market rally, recently hitting new all-time highs. Under the leadership of Michael Saylor, Strategy is unequivocally doubling down on its "Bitcoin-first" treasury strategy. The financing involves Series A Perpetual Stretch preferred shares, priced at $90 apiece and carrying an attractive 9% dividend. Major financial players like Morgan Stanley and Barclays are underwriting the deal, underscoring its mainstream significance. Remarkably, Strategy's own common stock (MSTR) has already seen explosive growth, surging over 146% in the past year. Its market value has soared to approximately $116 billion, largely mirroring Bitcoin’s meteoric rise fueled by institutional adoption. Strategy already stands as the world's largest public corporate holder of Bitcoin, commanding over 607,000 BTC. This represents a dominant 66% of all Bitcoin held by public companies globally, solidifying its pioneering role. Strategy's aggressive "Bitcoin-first" playbook, initiated in 2020, has inspired a burgeoning trend. Over 100 public firms, including Metaplanet and major Bitcoin miners, have now adopted similar treasury strategies. Collectively, these corporate holdings account for nearly 3% of Bitcoin's total supply, showcasing growing mainstream acceptance. The enlarged preferred raise powerfully underscores Strategy's unwavering conviction in Bitcoin's long-term value proposition. It highlights an aggressive, high-stakes strategy that few other corporate treasuries have dared to match. The financial world will keenly watch whether other companies can emulate Strategy's bold risk tolerance as the Bitcoin cycle progresses.