Analysis: Last week, Strategy Group increased its Bitcoin holdings for the first time, primarily using preferred stock as its financing tool.

CoinFeed reported on March 18th that, according to CoinDesk analysis, Strategy Inc. last week used perpetual preferred stock as its primary vehicle for increasing its Bitcoin holdings for the first time, marking a potential shift in its financing model. The company announced on Monday that it purchased 22,337 Bitcoins last week, its fifth-largest acquisition in history. Of this, $1.18 billion, equivalent to approximately 16,800 Bitcoins (at an average price of $70,000), was raised through its STRC perpetual preferred stock program, far exceeding the $396 million raised through its common stock ATM program. The common stock ATM program has previously been its primary tool for accumulating Bitcoin holdings, currently totaling 761,068 BTC. Based on STRC's current 11.5% dividend yield, the $1.18 billion issuance generates approximately $135 million in annual dividend obligations, bringing the company's total annual dividend burden to over $1 billion.