Leading Bitcoin treasury firm Strategy has halted its weekly Bitcoin purchases, ending a three-month streak. The company, which now holds approximately 593,000 Bitcoin valued at around $65 billion, bought nearly $7 billion worth of Bitcoin in the second quarter of 2025. While Strategy's Chairman, Michael Saylor, suggested the week called for holding rather than buying, he announced a $4.2 billion preferred stock offering to fund future Bitcoin acquisitions. This preferred stock, named STRD, is designed to appeal to yield-focused investors, offering high yields with less sensitivity to Bitcoin's price fluctuations. Strategy previously raised nearly $1 billion from STRD sales in early June and has other preferred stock offerings, STRK and STRF. In the context of cryptocurrency market fluctuations, Strategy's stock offerings serve as a pivotal mechanism to continue expanding their Bitcoin holdings and capitalizing on market opportunities.

Source 🔗