Business intelligence firm Strategy has significantly increased its Bitcoin (BTC) holdings, now exceeding 628,000 coins, following the successful completion of a $2.5 billion preferred stock offering.
The company confirmed that the entire $2.5 billion raised through this offering was allocated exclusively towards the purchase of Bitcoin. This substantial acquisition was led by Strategy’s Executive Chairman, Michael Saylor.
Despite the major accumulation, Strategy clarified that it currently has no official plan or target to accumulate a total of 1.5 million Bitcoin. This statement addresses market speculation regarding the firm’s long-term objectives.
Strategy’s aggressive Bitcoin purchasing strategy, marked by this large-scale transaction, continues to be a significant dynamic factor influencing the cryptocurrency market.