Strategy Taps Preferred Stock to Keep BTC Buying on Track 

Strategy (MSTR) is once again turning to capital markets to fuel its Bitcoin (BTC) accumulation. The company, the largest corporate holder of Bitcoin, plans to issue additional perpetual preferred shares as part of a broader effort to continue buying BTC while easing investor concerns over swings in its common stock. The move comes as Strategy’s shares have dropped nearly 17% since the start of the year. As of February 12, the company holds 714,644 BTC at an average cost of $76,052 per coin. With Bitcoin trading near $67,000, Strategy is facing an unrealized loss of roughly $6.5 billion. Source:

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