TradingKey - Strategy Inc(MSTR)holds nearly 500,000 Bitcoin, more than double the U.S. government's holdings, and its accumulation shows no signs of slowing.
On Tuesday, Strategy Inc. announced the issuance of 5 million shares of undated preferred stock, known as "Series A Perpetual Contingent Preferred Stock (STRF)," to raise funds for continued Bitcoin (BTC) purchases.
Between March 10 and 16, Strategy Inc.spent approximately $10.7 million to acquire 130 additional Bitcoin at an average price of $82,981. As of now, Strategy holds a total of 499,226 Bitcoin, significantly surpassing the U.S. government's 207,189 BTC.
Often referred to as the "Bitcoin shadow stock," Strategy Inc.'s share price does not always move in perfect correlation with Bitcoin, frequently exhibiting greater resilience. Year-to-date, Strategy Inc.'s stock has declined approximately 5%, while Bitcoin has dropped over 11%.
Strategy Stock Price Chart, Source: TradingView.