Crypto investment firm Strategy has announced a new 2.5 million preferred stock offering under the ticker STRD, with proceeds to be used for further Bitcoin acquisitions. This move, coupled with CEO Phong Le’s and other insiders’ purchases of company shares, signifies confidence in the strategy’s approach to expanding its Bitcoin holdings. Notably, this initiative is expected to significantly increase Strategy’s Bitcoin reserves without impacting its exposure to other cryptocurrencies like Ethereum. The offering is designed to utilize traditional financial avenues for acquiring more Bitcoin, aligning with a trend observed among corporate investment strategies within the cryptocurrency sector.