Strategy Allocates $2.1 Billion in Stock to Buy Bitcoin

Strategy Inc., formerly known as Microstrategy, has announced a bold move to sell up to $2.1 billion of its preferred stock. This strategic sale will be used to acquire more Bitcoin, capitalizing on the current market volatility and record highs for the cryptocurrency. The company’s commitment to Bitcoin investment is a testament to their long-term vision. Strategy plans to utilize the proceeds from this stock sale to purchase additional Bitcoin, leveraging this opportunity to expand their Bitcoin portfolio. This decision reflects their established practice of pursuing significant crypto holdings during periods of market volatility and growth.