Michael Saylor, the founder of Strategy Inc., formerly known as MicroStrategy, is expanding its bitcoin holdings through a new stock offering worth $250 million. The company announced this move on June 2, 2025. The IPO will offer a new class of preferred stock called STRD, with shares available to institutional investors and select non-institutional buyers at $100 per share. Proceeds from the offering will be used to acquire additional Bitcoin and cover operational expenses. 10% Series A Perpetual Stride Preferred Stock (STRD) is expected to generate up to 2,351.8 BTC based on current market prices ($106,325). 580,955 BTC are currently held by Strategy, a significant portion of which consists of Bitcoin purchased through past stock sales and convertible notes. This IPO marks a shift in their capital-raising strategy.