Raised $17.06 billion, Strategy BTC holdings increased to 843,800 coins

Bitcoin News posted on the X platform that Strategy raised $17.06 billion through its capital plan in 2026, of which $7.53 billion comes from STRC, increasing its holdings to 843,800 BTC. The company established a $3.75 billion USD Reserve, sufficient to cover over 2.1 years of preferred stock dividends and interest payments.

Strategy repurchased $1.5 billion of convertible notes at an 8% discount and repurchased STRC below par, while selling $218 million in Bitcoin to help pay preferred stock dividends. Future Bitcoin sales may also be used to replenish reserves and fund stock buybacks. The report also introduced two new metrics. The BTC Hurdle ARR is currently 10.8%, representing Strategy's effective credit cost. CFO Andrew Kang stated that when Bitcoin's annual return exceeds this threshold, the net Bitcoin growth per share will outpace Bitcoin itself.

The document outlines the financial system that Strategy is building around its Bitcoin treasury. The USD Reserve, Bitcoin Monetization Program, Digital Credit framework, debt repurchase, and new KPIs all belong to the same structure. The company is creating a model to raise capital, manage liabilities, pay investors, and measure performance from the perspective of Bitcoin per share.