X @The Block
Bitcoin Accumulation Strategy - Strategy doubled down on its Bitcoin accumulation strategy [1] - The company added more than 10,000 BTC to its treasury for the second week in a row [1] - The added BTC is valued at $980 million [1] Funding and Stock Performance - The latest acquisitions were funded by proceeds from the issuance and sale of the company's Class A common stock (MSTR) and perpetual preferred stocks (STRF, STRK, and STRD) [1] Market Index and Scrutiny - Strategy held onto its place in the Nasdaq 100 following the index's annual rebalancing [2] - Its MSCI fate must wait until January amid increasing scrutiny of its bitcoin-heavy business model [2]