Strategy Boosts Preferred Dividend Amid Ongoing Bitcoin Expansion
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Strategy ( (MSTR) ) has provided an update.
Between February 23 and March 1, 2026, Strategy Inc. reported activity under its at-the-market offering, selling 71,590 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock for net proceeds of $7.1 million and 1,730,563 shares of its Class A common stock for $229.9 million, while leaving large remaining capacities across its preferred and common stock programs. Over the same period, the company used ATM proceeds to acquire 3,015 bitcoins for $204.1 million, bringing its total holdings as of March 1, 2026 to 720,737 BTC at an aggregate purchase cost of $54.77 billion, underscoring its continued balance-sheet concentration in bitcoin and reliance on equity issuance to fund these purchases.
On February 28, 2026, Strategy raised the annual dividend rate on its Variable Rate Series A Perpetual Stretch Preferred Stock from 11.25% to 11.50% effective for periods from March 1, 2026, and its board declared cash dividends payable March 31, 2026 on all series of its preferred stock, including dollar- and euro-denominated issues. The company also disclosed that, as of February 28, 2026, it expects these March 31 preferred dividends to be treated as non-taxable return of capital for U.S. federal income tax purposes to the extent of shareholders’ tax basis, and reiterated the use of its online dashboard as a key channel for broad public disclosure under Regulation FD.
Strategy’s combination of higher preferred yields, ongoing ATM issuance and large-scale bitcoin accumulation signals an aggressive capital allocation and funding strategy that may appeal to income-focused and bitcoin-aligned investors while concentrating risk. The maintenance of significant unused capacity in its ATM programs and the emphasis on its disclosure dashboard suggest that the company is preserving flexibility to raise additional capital and remains focused on keeping market participants closely informed about its evolving capital structure and cryptocurrency exposure.
The most recent analyst rating on (MSTR) stock is a Hold with a $128.00 price target. To see the full list of analyst forecasts on Strategy stock, see the MSTR Stock Forecast page.
Spark’s Take on MSTR Stock
According to Spark, TipRanks’ AI Analyst, MSTR is a Neutral.
The score is pulled down primarily by weak financial performance (large losses and negative operating/free cash flow) and bearish technicals (below major moving averages with negative MACD). Offsetting factors include a comparatively stronger, better-capitalized balance sheet and a more constructive earnings-call narrative around liquidity reserves and Bitcoin-related KPI execution, though these are accompanied by substantial mark-to-market volatility and ongoing obligation risk.
To see Spark’s full report on MSTR stock, click here.
More about Strategy
Strategy Inc. is a publicly traded company that actively manages a capital markets program combining multiple preferred stock classes and Class A common stock, alongside substantial bitcoin holdings. The company uses an at-the-market offering program and a dedicated website dashboard to provide securities data, bitcoin metrics and other key performance indicators to investors, positioning itself as a transparent, market-facing issuer with a significant cryptocurrency exposure.
Average Trading Volume: 21,880,673
Technical Sentiment Signal: Sell
Current Market Cap: $43.22B
Learn more about MSTR stock on TipRanks’ Stock Analysis page.
