Strategy (formerly MicroStrategy) appears to have raised enough from its STRC perpetual preferred stock to buy more than 1,800 BTC, and MSTR shares closed Thursday up 2.40% at $119.83. The move signals a likely restart of the firm's aggressive Bitcoin accumulation.
STRC’s trading volume spiked after an issuance indicating an approximately 1,000 BTC purchase, the issuer's largest one-day move since July. The action points to aggressive accumulation from Strategy, the largest publicly traded bitcoin holder.
Strategy acquired 13,267 BTC for roughly $1.25 billion, marking its largest purchase since July; the deal was funded by issuing common stock and a perpetual preferred equity, STRC.