Strategy purchases another $76 million worth of Bitcoin, all through sales of common stock

Strategy, the world’s largest holder of Bitcoin, bought more than 1,000 of the original cryptocurrency last week, worth more than $76 million. The purchase follows one from the week prior worth $1.6 billion, which the company funded primarily through its “Stretch” perpetual preferred shares. 

One analyst says that the company will get back to buying more Bitcoin and do so through its sale of these “Stretch” perpetual preferred shares, known as STRC. 

“While the cadence and...