Saylor’s Strategy Ramps Up Sales of Preferred in Latest Bitcoin Purchase Michael Saylor’s company, formerly known as MicroStrategy, executed its largest Bitcoin purchase since January by acquiring nearly $1.6 billion worth of the cryptocurrency. The transaction, which occurred between March 9 and March 15, involved the purchase of 22,337 Bitcoin. According to a regulatory filing, approximately $400 million of the funds came from the sale of common stock, while the remaining $1.2 billion was sourced through at-the-market sales of its “Stretch” perpetual preferred shares. These shares, which offer investors an 11.5% annual payout, are structured similarly to bonds that do not have a maturity date. The dividend payments are ultimately funded by the company’s Bitcoin holdings. The purchase marks a significant step in the company’s strategy to leverage Bitcoin as a core asset. The preferred shares, which provide a steady yield, are designed to attract long-term investors by offering predictable returns. This approach aligns with the company’s broader focus on capitalizing on the growth potential of Bitcoin, which has become a central component of its financial strategy. The decision to allocate a substantial portion of the purchase to preferred shares underscores the company’s emphasis on balancing immediate returns with long-term investment goals. The transaction also highlights the evolving role of Bitcoin in corporate finance. By using a mix of equity and preferred shares to fund the purchase, the company is demonstrating a flexible approach to managing its capital structure. This method allows it to maintain liquidity while still investing heavily in Bitcoin, which has been a key driver of its recent financial performance.#bitcoin #microstrategy #michael_saylor #preferred_shares #stretch_perpetual
Why This Analyst Is Betting That MicroStrategy Stock Can Gain 25% from Here The world’s largest cryptocurrency, Bitcoin, is currently facing a decline as geopolitical tensions intensify and oil prices rise, contributing to a broader downturn in the crypto market. Despite this, some analysts remain optimistic about Bitcoin’s long-term trajectory. B.Riley Securities analysts have recently initiated coverage of MicroStrategy, the Bitcoin treasury company, with a “Buy” rating and a $175 price target, suggesting a potential 26.5% increase from current levels. This assessment highlights the company’s unique position in the market, driven by its strategic focus on cryptocurrency holdings and its differentiated capital structure. MicroStrategy, now rebranded as Strategy, has evolved from a business intelligence software provider into a prominent Bitcoin treasury firm. The company holds substantial cryptocurrency reserves, which have become a core part of its business strategy while maintaining its software development roots. With a market capitalization of $46.2 billion, Strategy operates in a sector that has seen significant volatility. Over the past 52 weeks, its stock has declined by 48.48%, and it is down 10.97% year-to-date. The stock reached a 52-week high of $457.22 in July 2025 but has since dropped 70% from that peak, while its 52-week low of $104.17 was surpassed by a 31.8% rebound. The company’s valuation has also been affected by the broader market downturn. Its forward-adjusted price-to-earnings ratio of 2.72x is significantly lower than the industry average of 21.76x. However, Strategy’s recent financial performance offers some optimism. On February 5, the company reported its fourth-quarter results for fiscal 2025, revealing total revenue of $122.99 million. It achieved a full-year 2025 BTC Yield of 22.#bitcoin #strategy #b_riley_securities #microstrategy #btc_yield
