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Strategy raises $20.9 billion through stock issuance for Bitcoin purchases

  • Strategy ranked fourth among U.S. companies by equity capital raised or stock issuance this year, CEO Phong Le said.
  • The company raised $20.9 billion through stock issuance and used the proceeds to purchase Bitcoin.
  • Strategy ranked behind SpaceX, Google and Intel while holding the world's largest Bitcoin holdings, despite Bitcoin weakness.

Strategy ranked fourth among U.S. companies by equity capital raised or stock issuance this year after raising $20.9 billion, CEO Phong Le said. The company used the proceeds to purchase Bitcoin, extending its accumulation strategy, according to data cited by BitcoinTreasuries and Cointelegraph.

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