Michael Saylor: Strategy's Stretch completes $2.521 billion fundraising and acquires 21,000 Bitcoins.

Michael Saylor stated that digital lending combines financial infrastructure such as corporate equity, preferred stock, trading markets, tax laws, and securities regulation. Strategy's Stretch completed its initial public offering in July 2025, raising approximately $2.521 billion, and used the net proceeds, after fees, to purchase 21,021 bitcoins. Stretch is a perpetual preferred stock traded on Nasdaq, with a monthly dividend rate policy determined by its board of directors.