Strategy Inc. (MSTR) Acquires 13,627 BTC after $1.13B Balance Sheet Boost

Core Insights - Strategy Inc. (NASDAQ:MSTR) is highlighted as a top cryptocurrency and blockchain stock to consider for investment [1] - The company has recently strengthened its balance sheet by generating $1.13 billion from the sale of 6.8 million shares of Class A common stock [1][2] Financial Transactions - Strategy Inc. sold 1.2 million shares of Variable Rate Series A perpetual stretch preferred shares, resulting in net proceeds of $119.1 million [2] - The company has an additional $10.3 billion available for common stock issuance under its ATM program [2] Bitcoin Acquisition - Following the capital raise, Strategy Inc. acquired 13,627 Bitcoin at an average price of $91,519 per coin, totaling $1.25 billion including fees and expenses [3] - The company's total Bitcoin holdings have now increased to 687,410 coins [3] Analyst Ratings - A Clear Street analyst has reiterated a Buy rating on Strategy Inc. but has reduced the price target from $443 to $268 [4] - Despite the price target adjustment, the analyst maintains a long-term bullish outlook on Bitcoin and believes the company's strategy is well-positioned for shareholder returns [4] Company Overview - Strategy Inc. is recognized as a leading provider of AI-powered enterprise analytics software and operates as a Bitcoin treasury company, acquiring and holding substantial amounts of Bitcoin [5]