NasdaqGS:MSTRSoftware
Strategy (MSTR) Is Down 13.1% After Equity-Funded Bitcoin Buying Spree - Has The Bull Case Changed?
In recent days, Strategy Inc disclosed that it bought 10,645 Bitcoin for about US$980.3 million, lifting its holdings to 671,268 BTC, largely financed through common and preferred stock issuance.
This aggressive accumulation is sharpening debate over Strategy’s identity as either a Bitcoin treasury vehicle or a software and services operating company, with index providers scrutinising its eligibility.
We’ll now examine how this equity-funded Bitcoin buying spree, and the resulting concerns...