Strategy Secures Additional $44B in Equity to Fuel Bitcoin Purchases

Strategy, the company led by Michael Saylor, has announced that it can now issue an additional $44 billion in equity to fund future Bitcoin purchases. This move is aimed at keeping its 'Bitcoin-buying machine' fueled, even as the pace of purchases briefly slowed down.

The authorization includes $21 billion worth of common stock (MSTR), $21 billion worth of variable rate preferred share (STRC), and $2.1 billion worth of convertible preferred share (STRK). Notably, STRC accounts for nearly half of the total authorization, with the company recently boosting its monthly dividend to 11.5%.

The move comes as the cryptocurrency market remains steady, with BTC holding at around $71k and ETH at $2,165. Meanwhile, lawmakers are preparing a bipartisan bill to ban sports betting on prediction market platforms, which could have significant implications for companies like Kalshi and Polymarket.