Strategy Drops $1.28 Billion on Bitcoin, Issues $377 Million in Preferred Shares

Group 1 - The company spent $1.28 billion on Bitcoin last week, marking its largest purchase in over a month, and now owns approximately 738,750 Bitcoin valued at $50.5 billion based on a Bitcoin price of $68,500 [1] - The company raised $377 million by issuing STRC, a product with a current annualized dividend of 11.5%, and has issued a total of $3.8 billion worth of STRC since its introduction [2][5] - The recent issuance of STRC represents a significant milestone, being the largest single issuance since its debut of $2.5 billion in July [3] Group 2 - The company co-founder announced the achievement of its 100th Bitcoin purchase since 2020, with the stock price rising 2.8% to $137, although it has decreased by 58% over the past six months [4] - The average purchase price for Bitcoin in the company's holdings has decreased to around $75,800, resulting in an unrealized loss of approximately $5.5 billion [6] - Analysts have noted that the company's reliance on STRC has led to additional monthly costs, raising concerns about its stock price decline [7] Group 3 - Traders currently estimate a 14% chance that the company will sell Bitcoin this year, a decrease from a previous estimate of 35% [8]