News Explorer — Strategy Acquired $1 Billion in Bitcoin Last Week Using Proceeds From Its STRC Preferred Share

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Strategy Acquired $1 Billion in Bitcoin Last Week Using Proceeds From Its STRC Preferred Share

Strategy disclosed a $1 billion Bitcoin purchase last week, increasing its holdings to nearly 781,000 Bitcoin. The firm utilized proceeds from its preferred share, STRC, to fund the acquisition, avoiding dilution of common shareholders.