1 / 5
As of 5 October 2026, Bitcoin-focused perpetual preferred stock had funded 135,979 BTC, per Fidelity Digital Assets.
2 / 5
Treasury companies sell fixed-dividend, never-maturing shares to income investors and use the money to buy bitcoin. Strategy launched the first in July 2025.
3 / 5
More than 95,000 BTC was funded between March and May 2026, by over $7 billion raised.
4 / 5
US spot bitcoin ETFs gathered 888,185 BTC in their first year. Preferreds are about 15% of that.
5 / 5
"The strategy only works if the appreciation of the underlying asset outpaces the cost of yield." Dividends do not pause when bitcoin falls.
Sources, context and the details behind every number are in the full article on btcmedia.news.
Not financial advice.