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Strategy scoops $2B in Bitcoin as Iran launches BTC-backed shipping insurance
Strategy announced that it acquired 24,869 Bitcoin (BTC) for approximately $2.01 billion last week, marking one of its largest purchases in recent weeks. Strategy's latest acquisition was financed through proceeds from the sale of 19.5 million of its Series A Perpetual Stretch Preferred Stock (STRC) and 430,344 of its Class A common stock (MSTR) under its at-the-market (ATM) program. The offerings generated roughly $2.03 billion in net proceeds, according to a filing with the US Securities and Exchange Commission (SEC) on Monday. The purchase brings Strategy's total Bitcoin holdings to 843,738 BTC, accumulated at an ... (full story)