Btc Development Corp-Cl A

Strategy Inc. acquired 3,273 bitcoin for $255 million last week, increasing its total stash to 818,334 BTC and staying ahead of BlackRock's iShares Bitcoin Trust. Galaxy Digital CEO Mike Novogratz cautioned that such buying pace could strain supply.

MicroStrategy shares dropped 3.6% to $132.68, tracking a bitcoin decline, after disclosing a $204.1 million bitcoin acquisition funded by equity sales and raising its preferred dividend rate.