Strategy is the world’s largest corporate Bitcoin Treasury holder. In a move to further accelerate its accumulation of Bitcoin by drawing in more fiat capital, the firm has announced the launch of a new stock offering which will function like a synthetic stablecoin.
The company revealed plans to offer 5 million shares of a new financial instrument: the Variable Rate Series A Perpetual Stretch Preferred Stock.
Each share (with the ticker “STRC”) will carry a stated value of $100 and will pay a cumulative variable dividend, initially set at an annualized rate of 9%, paid monthly.
According to Strategy’s filing with the U.S. Securities and Exchange Commission (SEC), the proceeds from the offering will be directed toward general corporate purposes, including further Bitcoin acquisitions and operational liquidity.
The Executive Chairman of the firm Michael Saylor noted on X that “This new instrument is optimized to attract fiat capital and convert it into Bitcoin at velocity.”
The offering will be made available via an initial public offering to “select investors.”
Is STRC a Synthetic Stablecoin with Yield, Challenging the Bitcoin Treasury Trend?
What sets the STRC apart is its dynamic dividend mechanism, which Strategy says is designed to maintain the share price around its $100 par value. This feature is likened by some market observers to a synthetic stablecoin.
Bitcoin advocate and author Adam Livingston described the STRC stock as a “new financial lifeform,” writing on X that the structure “enables yield-driven fiat inflows” while allowing Strategy to “dollar-cost average into Bitcoin.”
Livingston added, characterizing the product as a novel fusion of corporate finance and digital asset strategy.
This latest offering follows Strategy’s $4.2 billion at-the-market (ATM) equity offering earlier in July designed to fund Bitcoin purchases by issuing new shares directly to the market.
With this offering, Strategy not only deepens its Bitcoin treasury strategy but also pioneers a new financial architecture that blends corporate finance, digital asset accumulation, and yield-seeking fiat capital.
Strategy currently holds more than 607,770 BTC, cementing its position as the dominant corporate Bitcoin treasury.
