Strategy Unveils $15 Billion Bitcoin-Backed Preferred Stock Program

Strategy Inc. (Nasdaq: MSTR), the software company formerly known as MicroStrategy, announced on Saturday, August 8, 2026 a US$15 billion capital raise through a perpetual preferred stock structure backed by its Bitcoin reserves and designed with the assistance of artificial intelligence, according to [Yahoo Finance](https://finance.yahoo.com/markets/crypto/articles/strategy-mstr-unveils-15-billion-130721771.html).

The company plans to use the proceeds to run a "capital flywheel" aimed at increasing Bitcoin ownership and equity value. Strategy holds nearly 500,000 BTC and intends to use those holdings as collateral for the new financing, a scale that exceeds its existing preferred issuance, according to [BingX News](https://bingx.com/en/news/post/strategy-unveils-billion-bitcoinbacked-preferred-stock-plan).

The announcement follows the sale of 1,638 BTC to pay preferred dividends and fund buybacks of its STRK preferred shares, which had raised questions about whether the company was stepping back from its policy of continued accumulation.

According to Yahoo Finance, the stock trades at US$100.01, up 7.2% over the past week and 6.5% over the past month, but down 36.4% year to date and 74.7% over the past year. The capital raise comes after Strategy reported a US$8.2 billion quarterly net loss and a US$20.8 billion loss for the first half of 2026; as Yahoo Finance notes, the new structure adds another layer of preferred obligations on top of a business in which common shareholders have already seen substantial dilution.

Sources

• Yahoo Finance – [Strategy (MSTR) Unveils $15 Billion Bitcoin Backed Preferred Stock Plan](https://finance.yahoo.com/markets/crypto/articles/strategy-mstr-unveils-15-billion-130721771.html) (primary)
• BingX News – [Strategy outlines $15 billion bitcoin-backed perpetual preferred stock program](https://bingx.com/en/news/post/strategy-unveils-billion-bitcoinbacked-preferred-stock-plan) (secondary)