The company Strategy has recently announced a new Bitcoin purchase, increasing its cryptocurrency assets to a record level.
Strategy's New Purchase
Strategy has acquired an additional 6,911 Bitcoins. The purchase was financed by selling its common stock in an at-the-market offering.
Company's Buying History
The company began its Bitcoin investments in August 2020 and reached the 500,000 Bitcoin mark in less than five years. Recently, a purchase of $10.7 million was made, drawing community attention.
Funding Strategy
Strategy also announced raising $711 million through a new preferred stock offering called Strife (STRF). STRF offers a 10% annual dividend rate, which has triggered skeptical reactions from investors about the company's ability to pay such dividends.
Strategy continues its Bitcoin acquisition strategy using various financial means to achieve its goals of increasing crypto assets.
