Stretch | Crypto

Stretch shares are an on-ramp for people who believe Bitcoin will be around for the long term but can’t handle the near-term volatility, explained Michael Saylor. Retail investors dominate Strategy’s “Stretch” shares, which have been used to acquire over $1 billion worth of Bitcoin this year. Roughly 80% of STRC holders are retail investors, according to CEO Phong Le, who said on Wednesday that these investors “prefer low-volatility, high-yield digital credit.” “Retail investors prefer low-volatility, high-yield digital credit,” he added. Read more

Strategy has secured $2.521B by issuing 28,011,111 Series A Stretch Preferred Stock at $90 each, making 2025’s largest U.S. IPO and biggest perpetual preferred issue since 2009. Proceeds fund 21,021 BTC at $117,256, lifting reserves to 628,791 BTC before the Nasdaq debut on July 30. The post Strategy Doubles Down: 21,021 Bitcoin Acquired After Record $2.5B IPO for New “Stretch” Stock appeared first on Cryptonews.