Michael Saylor is back at the Bitcoin buffet, this time with a more ambitious goal. Strategy Inc. has increased its preferred equity offering from $500 million to $2 billion, thus intensifying its campaign to accumulate BTC. The Series A Preferred Shares are expected to be priced at $90 each with a 9% dividend, according to Bloomberg.

“The company is poised to price the shares at $90 each, the bottom of a marketed range.” – Unnamed source, Bloomberg

This strategy highlights both the ongoing demand for Bitcoin-related investments and Saylor’s firm belief that BTC is essential for modern treasury operations.

Michael Saylor: ‘Why This Matters for Bitcoin and Institutional Investors’

Currently, Strategy holds 607,770 BTC, valued at around $72.4 billion, which accounts for over 3% of Bitcoin’s total available supply. The new $2 billion in equity could potentially increase this amount.

The offering is facilitated by financial giants including Morgan Stanley, Barclays, Moelis & Co., and TD Securities. This includes 5 million shares that are prioritized above most of Strategy’s existing preferred and common shares, yet still rank below its convertible debt and the “Strife” preferred class.

Michael Saylor’s investment strategy

Michael Saylor describes this fundraising approach as a “quadratically reflexive, engineered instrument,” which enables the company to acquire Bitcoin at favorable rates, using capital raised during periods of high valuation.

The essential idea is straightforward: gather funds through preferred stock or bonds during high-value periods, then invest that capital into accumulating Bitcoin, potentially enhancing the company’s market value even more. A cycle of fundraising and acquisition.

BTC Market Reaction and Outlook

As of now, Bitcoin (BTC) trades around $115,300, with a minor decline on the day. Shares of Strategy remained steady during Thursday’s session but experienced a slight downturn of 0.44% in after-hours trading. Despite the drop, market momentum is strong and institutional sentiment appears optimistic.

The ongoing success of this strategy hinges on one critical factor: the price of Bitcoin. In the sphere of cryptocurrency enthusiasm, Saylor is positioning himself to be the next Warren Buffett.