$1 Billion Blitz: Saylor's Bitcoin Binge Shocks Wall Street--Again
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Strategy has made a significant Bitcoin purchase, acquiring $980.3 million worth between Dec. 8 and Dec. 14, marking its largest weekly purchase since July. This move, funded through sales of Class A common stock and preferred shares, has raised concerns about potential equity dilution. Despite a 6.7% drop in share price, Strategy remains in the Nasdaq 100 index. The company is also urging MSCI to reconsider a proposal affecting digital asset treasury firms. Bitcoin's price fell 1.8% during this period.
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