Strategy Uses STRC Perpetual Preferred Stock to Buy 26,334 Bitcoin

The company said the two-day capital raise funded a Bitcoin purchase equal to about 0.15% of total supply, lifting its holdings to 807,231 Bitcoin.

BTC

Summary

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Terms & Concepts
  • Perpetual preferred stock: A preferred share with no maturity date, typically paying priority dividends over common stock.
  • Bitcoin supply: The total number of Bitcoin that can exist, a capped issuance model that underpins its scarcity.
  • Capital raise: The process of obtaining funds from investors to finance purchases, operations, or other corporate activity.