Strategy announced its largest Bitcoin purchase in a month on Monday, spending $2 billion to acquire 24,869 Bitcoin. The purchase was funded by issuing nearly $2 billion in Stretch (STRC) preferred shares, which offer an 11.5% annual dividend and saw heightened demand leading up to its ex-dividend date.
The Tysons Corner, Virginia-based firm now holds 843,738 Bitcoin, valued at $64.4 billion. CEO Phong Lee reported a year-to-date "BTC Gain" of $6.6 billion, highlighting digital credit as a key driver for growth. The company's stock fell over 7% to $163.58, while Bitcoin dipped below $76,400.