Strategy eyes up to $30B in preferred-stock funding for more bitcoin
- —Saylor put the "digital credit" potential at $10–30 billion via preferreds
- —Bitcoin holdings reached 848,517 BTC on Oct. 25, up 26% YTD
- —Q3 net income was $19.53 billion, including a $20.91 billion asset revaluation
- —CEO Phong Le: $1–2 billion a month via STRC would fund more BTC buys
Why it matters: Funding bitcoin purchases through preferred stock rather than common equity limits dilution and keeps Strategy a steady buyer of BTC.
Source: CryptoHamster