Strategy closed a $2.521 billion initial public offering of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) The firm immediately used the proceeds to expand its Bitcoin (BTC) reserve. Strategy now accounts for 62.3% of the total Bitcoin held by publicly listed companies.

Strategy closed a $2.521 billion initial public offering of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) The firm immediately used the proceeds to expand its Bitcoin (BTC) reserve. Strategy now accounts for 62.3% of the total Bitcoin held by publicly listed companies.

Source: https://cryptoslate.com/strategy-buys-nearly-2-5b-worth-of-bitcoin-to-make-up-62-of-total-btc-in-treasuries/