Strategy is considering preferred shares to buy Bitcoin 🟠

Funding for new Bitcoin purchases at Strategy may change course. If you’re curious how large companies adjust their model to buy BTC, here’s what’s happening.

According to Phong Le, CEO of Strategy, the company is gradually moving away from the approach of issuing and selling common shares to finance Bitcoin purchases. Instead, Strategy is considering using preferred shares more actively as the main tool to raise funds for BTC purchases.

In addition, Le noted that the company is not interested in acquiring so-called Bitcoin treasuries, meaning purchases of businesses or structures whose value is largely tied to accumulated BTC reserves.

What this means

This move signals a shift in the financing logic: Strategy is focusing on instruments that may be more predictable for the capital structure than regular common-share issuances, and at the same time is cutting off M&A scenarios where the key asset is already accumulated Bitcoin.

In the end, the message is simple: buy BTC, yes, but finance it differently — with a greater focus on preferred shares and without betting on acquiring ready-made BTC treasuries.