Strategy has secured more than $206 million through its STRC perpetual preferred stock program, earmarking the funds for additional Bitcoin acquisitions. The capital raise occurred on the same day the company disclosed a $43 million Bitcoin purchase, its first after a week-long pause.
The timing aligns with STRC's return to its $100 par value, which enabled fresh share sales under the company's at-the-money program. The issuance of 2.12 million shares could potentially purchase roughly 2,536 BTC at an average price of $81,471 per coin.
Economist Peter Schiff has publicly criticized the move, questioning how the SEC permits executive chairman Michael Saylor to describe STRC as suitable for retirees seeking low-risk wealth preservation. Schiff suggested it violates SEC antifraud and marketing rules, though Strategy has not responded.
The development underscores the growing tension between crypto advocates and traditional finance figures. Schiff's scrutiny highlights regulatory concerns about marketing high-risk assets to conservative investors.
Strategy's continued Bitcoin accumulation signals its aggressive bet on cryptocurrency's long-term value, despite persistent skepticism from mainstream economists.