Strategy, formerly MicroStrategy, raised over $700 million through a preferred stock offering to buy more Bitcoin. The offering exceeded expectations, with strong investor interest in fixed income rather than the company’s stock. Concerns about managing long-term obligations due to limited liquidity from holding over 499,000 BTC were raised. Recommendations to strengthen cash flow include lending half of the Bitcoin and using covered call options. The implementation of FASB would allow reporting BTC holdings at fair market value for more accurate financial statements aligning with the Bitcoin strategy.

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