Strategy Expands Bitcoin Holdings With Massive Third-Largest Acquisition

▤ Summary

Strategy bought 21,021 Bitcoin for $2.46 billion and lifted its total holdings to 628,791 coins. The purchase was the company’s third-largest by dollar amount and pushed the value of its crypto portfolio above $71 billion at current prices. Michael Saylor continues to finance the strategy with common and preferred share sales and debt instruments, including a recent preferred stock offering called Stretch. The company also reported a large unrealized gain in its second quarter, driven by Bitcoin’s price rebound and a new accounting rule. The article highlights Strategy’s continued shift away from traditional software and toward aggressive digital asset accumulation.

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