Bitcoin acquisition company Strategy purchased 24,869 Bitcoin for $2 billion last week, its largest buy in nearly a month. The purchase was funded by issuing nearly $2 billion of its Stretch (STRC) preferred shares right before the stock’s ex-dividend date. The company now holds 843,738 Bitcoin, valued at $64.4 billion. CEO Phong Lee reported a year-to-date “BTC Gain” of $6.6 billion, highlighting the role of “digital credit” in the firm’s accelerated growth.
Strategy unveiled its largest Bitcoin purchase in roughly a month on Monday. The move expanded the company’s holdings to 843,738 Bitcoin, a sum recently valued at $64.4 billion.
Investors had until last Friday to purchase Stretch (STRC) to receive the product’s next monthly cash distribution. Amid heightened demand, the company issued nearly $2 billion worth of preferred shares to fund the acquisition.
The preferred stock is engineered to trade near its $100 par value. When it trades above that threshold, Strategy can grow its Bitcoin holdings by issuing fresh shares.
The Bitcoin-buying firm’s shares recently changed hands at $163.58. Over the past month, the company’s stock price has risen nearly 2%, outpacing Bitcoin’s 0.4% climb over the same period.
The leading cryptocurrency was valued at $76,361, falling more than 2% over the past day. Earlier this month, the digital asset climbed as high as $82,500, its highest point since a double-digit slide in February.
On Monday, STRC was valued at $99.29. In the run-up to its ex-dividend date, STRC stayed pinned around its $100 threshold for five straight days alongside an uptick in issuance.
CEO Phong Lee highlighted the firm’s treasury operations, including a “BTC Gain” of $6.6 billion year-to-date. Lee added in an X post, “Digital credit is helping us deliver faster growth in 2026 than in 2025.”
