Strategy Acquires $2.4 Billion in Bitcoin from Preferred Stock Sale

Strategy (MSTR), the largest corporate holder of bitcoin, has acquired approximately $2.4 billion in BTC financed by a new preferred stock issuance.

Sold nearly $2.5 billion worth of preferred stock (STRC), exceeding the planned $500 million.
STRC will trade on Nasdaq with an initial dividend rate set at 9%.
Purchased 21,021 BTC at an average price of $117,256, increasing total holdings to 628,791 BTC.
Total bitcoin holdings are valued at nearly $74 billion based on current prices.