Strategy's Perpetual Bitcoin Buying Plan

Michael Saylor, executive chairman of Strategy, has outlined a plan for perpetual Bitcoin buying. The key to this strategy lies in the company's Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), which allows Strategy to raise capital and use it to buy more BTC.

When STRC is issued at or below 2.3% of total Bitcoin holdings, new BTC purchased with proceeds exceeds what gets sold to fund dividends. This results in a net positive effect: Strategy always ends up holding more Bitcoin.

The STRC instrument has attracted strong market appetite, with frequent trades around its $100 par value. The company now holds approximately 842,000 BTC and has a USD reserve approaching $4 billion.