Strategy Leverages Preferred Stock Issuance for $2 Billion Bitcoin Buy

In brief

• Strategy purchased 24,869 Bitcoin last week for $2 billion, marking its largest acquisition in nearly a month.
• The purchase was funded by issuing nearly $2 billion in Stretch (STRC) preferred shares right before its ex-dividend date.
• CEO Phong Lee reported a year-to-date “BTC Gain” of…