Strategy Sets New Record for STRC Issuance, Purchases 1,420 Bitcoin

Strategy, the parent company of Microstrategy, has broken its own records with the issuance of a large amount of its perpetual preferred equity, Stretch (STRC), on Monday. According to data from STRC.live, the company sold a record number of STRC shares, generating significant proceeds that were used to purchase approximately 1,420 bitcoin.

The sales took place as part of Strategy's accumulation strategy, which aims to increase its holdings of the cryptocurrency. The company has been actively purchasing bitcoin in recent weeks, with its total holdings increasing significantly. In a separate development, Strategy amended its Omnibus Sales Agreement on Monday to allow multiple agents to sell the same class of securities outside regular trading hours.