Strategy Bitcoin Bet Grows With Preferred Stock Acquisition, Valuation Gap Widens

Strategy Inc. acquired 22,000+ BTC, its largest Bitcoin purchase of the year, funded primarily through preferred stock and common equity. This lifts Strategy's total Bitcoin holdings above 761,000 BTC and puts it close to potentially surpassing BlackRock as the largest corporate Bitcoin holder. The shares recently traded around $150.34, with a mixed return profile.