Strategy’s latest massive bitcoin purchase offers insight into its evolving funding model

A $1.18 billion preferred stock raise, roughly equivalent to 16,800 BTC, signals a shift away from common stock as dividend obligations top $1 billion. What to know : Issuance from Strategy's STRC preferred series reached $1.18 billion last week, far surpassing $396 million from common stock sales, marking the first time preferred stock has been the primary funding tool for bitcoin purchases. Annual dividend obligations now exceed $1 billion as the outstanding preferred stock surpasses $10 billion. With STRC trading below par post ex-dividend, the company may raise the dividend by 25 basis points to support pricing