- MicroStrategy launched its STRF preferred stock on Nasdaq, offering USD yield, while MSTR holders continue receiving Bitcoin yield.
- With over 506,000 BTC now held, MicroStrategy becomes the first public firm to own more than 2.4% of Bitcoin’s supply.
MicroStrategy, previously known as StrategyB, just took another giant leap into the Bitcoin world, and this time it brought a new stock to Wall Street. The firm’s fresh preferred stock, dubbed “Strife” (STRF), officially began trading on Nasdaq today, drawing a line between its two investment vehicles—USD yield for STRF holders, and Bitcoin yield for those still clinging to its original stock, MSTR.
Our new preferred stock STRF (“Strife”) creates USD Yield for $STRF investors—and BTC Yield for $MSTR investors. It begins trading today on Nasdaq.
— Michael Saylor⚡️ (@saylor) March 26, 2025
Michael Saylor, the company’s executive chairman, and vocal Bitcoin advocate, broke the news earlier in the day on X, sending a wave of excitement across crypto and equity markets. STRF’s launch comes just days after the company raised eyebrows—and capital—by boosting its latest stock offering from an initial $500 million to a whopping $722 million. The entire amount is expected to funnel into more Bitcoin buys.
MSTR holders were quick to react. The stock soared nearly 18% over the past five trading days, now priced at $341.81. That’s quite a climb from March 10, when shares were hovering around $239. The clear message from the market? Investors are backing StrategyB’s Bitcoin-centric playbook in a big way.
MicroStrategy’s Bitcoin Trove Crosses 500K Mark
March has been a hyperactive month for StrategyB. After launching its new perpetual stock offering on March 18, the firm wasted no time putting the capital to use. Just six days later, on March 24, Saylor announced a purchase of 6,911 Bitcoins. This acquisition lifted the company’s total holdings to a staggering 506,137 BTC—worth over $44.6 billion at current prices.
That makes StrategyB the first publicly traded firm in history to hold over half a million Bitcoins. To put it in perspective, that’s more than 2.4% of Bitcoin’s capped total supply of 21 million coins. Their journey into Bitcoin started in August 2020, and since then, the company hasn’t blinked—buying through every bull and bear phase without hesitation.
And this isn’t the end. StrategyB made it clear in its March 21 blog that more Bitcoin buys are on the way, thanks to the upsized proceeds from the STRF sale. The company sold 8.5 million shares of the Series A Strife Preferred Stock at $85 each, raking in $711.2 million—well above its original $500 million target.
Bitcoin ETFs Fuel Institutional Appetite
Meanwhile, institutional interest in Bitcoin is growing stronger. Bitcoin ETFs in the US have seen consistent capital inflows for eight straight days, starting March 14. The biggest spike came on March 17, pulling in over $274 million in a single day.
As of March 25, the total net assets in US-based Bitcoin ETFs passed the $99 billion mark. Since their January 2024 inception, these crypto investment vehicles have registered over $36 billion of cumulative net inflow, according to SoSoValue. BlackRock IBIT ETF, released early this year, also marked its entry into Europe which means that Bitcoin is now being recognized across the globe.
MicroStrategy’s aggressive stance on Bitcoin seems to be syncing with this broader institutional wave. While others are cautiously entering the crypto waters, Saylor’s firm is diving in headfirst, building both equity and crypto-backed assets to cater to varied investor appetites.
