Strategy (MSTR) purchased 487 bitcoin for $49.9 million last week, bringing total holdings to 641,692 coins valued at more than $68 billion at current prices. The buy was funded partly by $26.2 million raised through the company’s at-the-market program for its short-duration, high-yield STRC “Stretch” preferred shares—its first time using this method—now offering a 10.5% annualized dividend paid monthly. Additional capital came from the STRF “Strife” preferred series. MSTR’s common shares have fallen sharply in recent months as their prior premium over net bitcoin value disappeared, a development previously highlighted by short-seller Jim Chanos, who has now closed his position. Following news of the purchase and a weekend rise in bitcoin above $106,000, MSTR shares gained 3.2% premarket.