Strategy (MSTR) Buys $2.54B in Bitcoin in Third-Largest Purchase, Surpasses BlackRock Holdings
Summary
Strategy has expanded its Bitcoin treasury by purchasing 34,164 BTC for $2.54 billion, marking its third-largest single acquisition. This move brings the company's total holdings to 815,061 BTC, officially overtaking BlackRock’s holdings of 802,823 BTC. The purchase was primarily funded through the issuance of common shares and its STRC preferred stock offering, which the company is actively refining to improve liquidity and investor appeal.
(Source:Bitcoin Magazine)