From Cointelegraph

June 8, 2025 9:59 am:

Strategy co-founder and executive chairman Michael Saylor hints at a potential Bitcoin acquisition with a cryptic post on June 8. The company recently purchased 705 BTC for $75 million, bringing their total holdings to 580,955 BTC valued at $61.4 billion, with an unrealized profit of $20.6 billion.

Following the post, Strategy announces a $1 billion stock offering to fund more Bitcoin purchases and cover corporate expenses. The offering includes 11.76 million shares of preferred stock at $85 per share, aiming to raise approximately $979 million after expenses.

Strategy emerges as the largest known Bitcoin holder, surpassing the holdings of the United States and China combined. Their holdings are almost 12 times larger than the second-largest holder, Bitcoin miner Mara Holdings, leading many to view Strategy as a corporate vehicle for Bitcoin exposure.

Read more at Cointelegraph: Michael Saylor Signals New Bitcoin Buy as Strategy Launches $1B Stock Offering