Strategy Lifts Bitcoin Stash to 843,738 BTC After Fresh Funding

Strategy has continued to add to its Bitcoin position following its latest funding round, according to CoinDesk. TD Cowen analysts lifted their price target on the stock, pointing to better-than-expected treasury execution and fundraising capacity. The company has been leaning mainly on preferred stock offerings to raise capital, with little incremental common equity issuance. Analysts estimate about $1.95 billion has been directed to Bitcoin purchases, a faster deployment pace than previously expected. Holdings climbed to 843,738 BTC after the firm bought nearly 25,000 bitcoins last week, a transaction the report valued at roughly $2 billion. The total position is now worth about $64.7 billion at current market prices. Debt reduction has proceeded alongside the buying. The company repaid roughly $1.5 billion of convertible bonds last week. TD Cowen said the move is constructive for both shareholders and creditors, signaling continued access to capital markets. TD Cowen also raised its target price for Strive Asset Management. The firm recently launched a dividend-paying preferred stock product with a strategy similar to Strategy's.