ChainCatcher reports that Bitcoin News posted on X stating that Strategy raised $17.06 billion through its capital plan for 2026, with $7.53 billion coming from STRC, increasing its BTC holdings to 843,800 BTC. The company established a $3.75 billion USD Reserve, sufficient to cover more than 2.1 years of preferred dividend and interest payments. Strategy repurchased $1.5 billion in convertible notes at an 8% discount and repurchased STRC below par value, while selling $218 million in Bitcoin to help fund preferred dividends. Future Bitcoin sales may also be used to supplement reserves and fund share repurchases. The report also introduced two new metrics. The BTC Hurdle ARR is currently 10.8%, representing Strategy’s effective cost of credit. CFO Andrew Kang stated that when the annual return on Bitcoin exceeds this threshold, the rate of net Bitcoin growth per share will outpace Bitcoin’s own price appreciation. The document outlines the financial framework Strategy has built around its Bitcoin treasury—comprising the USD Reserve, Bitcoin Monetization Program, Digital Credit framework, debt repurchases, and new KPIs—all part of a unified structure. The company is creating a model that raises capital, manages liabilities, pays investors, and measures performance through the lens of Bitcoin per share.
Strategy Raises $17.06B, BTC Holdings Increase to 843,800
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Summary
The strategy raised $17.06 billion under its 2026 capital plan, with $7.53 billion from STRC, increasing BTC holdings to 843,800. A $3.75 billion USD Reserve covers more than 2.1 years of preferred stock dividends. The firm repurchased $15 billion in notes at an 8% discount and sold $218 million in BTC to fund dividends. Future BTC sales may support share buybacks. The BTC Hurdle ARR stands at 10.8%, reflecting the risk-to-reward ratio tied to its cost of credit. CFO Andrew Kang stated that BTC returns exceeding this threshold will drive faster per-share growth. The plan includes managing liabilities, capital, and performance through the BTC treasury, with a focus on enhancing support and resistance metrics in its financial model.
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