Strategy: Raised $7.4 Billion Through Digital Credit in 2025, Has Cumulatively Paid $413 Million in Distributions

Odaily News: Strategy announced that in 2025, the company raised approximately $7.4 billion in total through its perpetual preferred stock instrument (digital credit) and has cumulatively paid $413 million in distributions.

The announcement shows that in 2025, Strategy completed 5 IPOs of its digital credit instruments, raising approximately $5.5 billion, followed by an additional raise of approximately $1.9 billion through its ATM (At-The-Market) offering program. The weighted annualized dividend rate for these instruments is approximately 9.6%.

Strategy also stated that, for U.S. federal income tax purposes, the distributions paid by the company to the preferred equity instruments in 2025 are treated as non-taxable returns of capital, to the extent they do not exceed the shareholder's corresponding tax basis. The company expects that for the foreseeable future (10 years or longer), the related distributions will continue to be treated as returns of capital.