Strategy Inc.’s $1.6B Bitcoin Purchase Backed by 11.5% Yield Security

Strategy Inc., formerly MicroStrategy, reports a $1.6 billion Bitcoin purchase between March 9–15 funded by stock sales and Stretch perpetual shares, offering an 11.5% annual yield.

Rich by Coin

2026-03-17

Michael Saylor’s Strategy Inc. bought nearly $1.6 billion worth of Bitcoin – the company’s largest purchase since January – leaning more heavily on a security promising investors an 11.5% annual payout backed by the same cryptocurrency. The company, formerly known as MicroStrategy, bought 22,337 Bitcoin between March 9 and March 15, according to a regulatory filing Monday.

Roughly $400 million of the purchase was funded through sales of common stock. The remaining $1.2 billion came from at-the-market sales of its Stretch perpetual preferred shares. The dividend-paying securities — similar to bonds that never mature — promise investors a steady yield funded ultimately by Strategy’s Bitcoin holdings.

Investors are attracted to the security’s steady yield, which is designed to be paid from Strategy’s Bitcoin reserves regardless of market cycles. The arrangement underscores how crypto assets can underpin fixed-income style instruments offered to investors. Market watchers will evaluate how such crypto-backed structures perform as Bitcoin prices fluctuate. The move demonstrates a growing appetite among institutions for creative financing built on digital assets.