Strategy intensifies its Bitcoin acquisition efforts with a new $4.2 billion equity program, following record quarterly performance and significant treasury expansion.
Strategy has launched a $4.2 billion at-the-market equity program for its STRC preferred shares, aiming to enhance its Bitcoin acquisition strategy. The program follows a record quarterly performance with net income surpassing $2.3 billion, driven by unrealized gains on Bitcoin holdings. As of July 29, Strategy holds approximately 628,212 BTC, valued at $69.4 billion, and plans to allocate a significant portion of the new capital towards purchasing additional Bitcoin.