**[Strategy: Raised $7.4 billion through digital credit by 2025, with $413 million in cumulative distribution payments]** Odaily Planet Daily reports that Strategy announced it had raised a total of approximately $7.4 billion by 2025 through its perpetual preferred equity instrument (digital credit) and had cumulatively paid $413 million in distribution payments. According to the announcement, Strategy completed five IPOs of digital credit instruments in 2025, raising approximately $5.5 billion, followed by an additional $1.9 billion raised through an ATM (at-the-market) program. The weighted annualized dividend yield for these instruments is approximately 9.6%. Strategy also stated that, for U.S. federal income tax purposes, the distributions paid to the preferred equity instruments in 2025 are classified as tax-free returns of capital, provided they do not exceed the shareholders' respective tax bases. The company expects that, for the foreseeable future (10 years or longer), such distributions will continue to be treated as returns of capital.