TD Cowen Says Strategy’s Bitcoin-Buying Engine Remains Intact Despite Market Volatility
In brief Strategy’s preferred-share activity jumped, including a sharp pickup in its variable-rate preferred issuances. The company deployed about $704 million from its new euro-denominated preferred IPO to buy roughly 6,890 BTC, per the research note. Its model can keep adding Bitcoin per share because preferred-share funding remains accretive even as the premium tightens, Decrypt…