Strategy, formerly known as MicroStrategy announced on Monday it acquired Bitcoin worth $1.4 billion last week, according to Decrypt. Strategy now holds approximately 554,000 Bitcoin valued at $52.3 billion, according to a Securities and Exchange Commission filing. Strategy funded the acquisition primarily by selling $4 million worth of common shares and raising $37.5 million. Strategy’s “21/21 Plan” aims to raise $42 billion through equity and fixed-income offerings to buy Bitcoin, and the company is now over halfway through its three-year roadmap.
