Strategy announced on Monday that it entered a $4.2 billion at-the-market (ATM) offering for its Series A Perpetual Stride Preferred Stock (STRD) after breaking its three-month Bitcoin (BTC) accumulation streak last week. This comes at a time when spot BTC demand has dropped despite increasing treasury allocations and continued BTC exchange-traded funds (ETF) inflows. Strategy paused its nearly three-month Bitcoin buying streak, which began on April 14, as the firm did not announce any new acquisition last week, according to a Monday filing with the SEC. During this period, Strategy purchased over 69,000 BTC for ... (full story)