STRATEGY BUYS $1.3B IN BITCOIN, HOLDINGS HIT 738,731 BTC

Summary from the TLDR Crypto newsletter

Strategy purchased 17,994 BTC for $1.28 billion at an average price of $70,946, bringing total holdings to 738,731 BTC worth roughly $50 billion and representing over 3.4% of Bitcoin's fixed supply. The buys were funded through ongoing at-the-market equity and preferred stock programs as part of its broader $84 billion capital plan, even as the firm sits on approximately $6 billion in unrealized losses and its stock trades near net asset value. Michael Saylor dubbed the milestone “the second century,” marking over 100 separate Bitcoin acquisitions as corporate treasury competition intensifies.