Raised approximately $2.521 billion, Strategy's Stretch completes its first offering and purchases 21,021 bitcoins

Michael Saylor posted on X that digital credit combines financial infrastructure that has gradually developed over centuries, including corporate equity, preferred stock, trading markets, tax law, and securities regulation. Strategy's Stretch completed its first offering in July 2025, raising approximately $2.521 billion, and Strategy stated that it has used the net proceeds after deducting fees to purchase 21,021 bitcoins. Stretch is a perpetual preferred stock traded on Nasdaq, adopting a monthly dividend rate policy determined by the board of directors.