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Strategy says Stretch's first offering raised $2.52bn and bought 21,021 Bitcoin

NewsFeeds update

Michael Saylor said Strategy's Stretch perpetual preferred stock, listed on Nasdaq, completed its first offering in July 2025, raising about $2.52bn. Strategy said it used the net proceeds after fees to buy 21,021 Bitcoin.

BitcoinOdailyAIBullish

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The story so far: Saylor Bitcoin-backed stablecoin proposal

Michael Saylor spoke at ParaFi Investor Day on digital capital, credit and Bitcoin-backed stablecoins, proposing a dollar-pegged stablecoin backed by Bitcoin capital paying 6%-8% yield. He said Strategy could become a $1tn company built around digital credit. Strategy now says its Stretch preferred stock's first…

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  1. Michael Saylor says he discussed Bitcoin and digital capital at ParaFi Investor Day

  2. Michael Saylor says ideal digital currency is a Bitcoin-backed stablecoin yielding 6%-8%

  3. Michael Saylor says Strategy could become a $1tn digital credit company

  4. Strategy says digital credit capacity could reach $30bn as it plans more Bitcoin buying

  5. Strategy says Stretch's first offering raised $2.52bn and bought 21,021 Bitcoin

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.