Strategy eyes $30B digital credit for Bitcoin expansion
6.6 Investments Strategy will issue up to $30B in digital credit via preferred shares to buy more Bitcoin, moving away from common-stock fundraising. The company reported strong net income and holds 848,517 BTC.
Strategy is planning to expand its Bitcoin holdings by generating up to $30 billion in digital credit, leveraging its existing balance sheet. This approach avoids the need for new common-stock fundraising or relying on further Bitcoin price appreciation. The company is shifting its financing strategy from traditional methods like convertible debt and common-share sales to preferred-share offerings, particularly STRC, as the main avenue for funding additional Bitcoin purchases. Michael Saylor clarified that the $30 billion figure represents potential capacity, not a committed fundraising target. CEO Phong Le confirmed that issuing digital credit will become the primary method for acquiring more Bitcoin, with some proceeds possibly allocated to dollar reserves. As of Q3, Strategy reported $19.53 billion in net income, mainly from a $20.91 billion gain in digital asset value, and held 848,517 BTC. Saylor described the ongoing Bitcoin accumulation as a supply shock, suggesting it could improve access to capital markets and support continued accumulation.
