The firm funded the acquisition through $42.9 million in Class A common stock sales and $100,000 in Stretch stock issuance.
Strategy has resumed its Bitcoin acquisitions, purchasing $43M worth of BTC. The move was financed primarily through $42.9 million in sales of Class A common stock (MSTR) and $100,000 via Stretch (STRC) stock issuance, according to an SEC filing.
The company’s shares rose 4.3% in premarket trading to above $187.50, outperforming Bitcoin’s 7.2% year-to-date decline. Strategy’s stock has gained 23% over the same period, reflecting investor optimism despite broader market volatility.
Investor sentiment remains mixed, however, following comments from Strategy’s leadership about potential periodic sales of Bitcoin holdings to fund dividends or future purchases. Some analysts view this as a strategic move, while others warn of potential market pressure.