The company Strategy (formerly known as MicroStrategy) is planning to acquire more Bitcoin following a recent purchase of 7,633 BTC for over $742 million. The firm now holds a total of 478,740 BTC, valued at over $46 billion. Strategy's co-founder, Michael Saylor, has indicated that the company intends to continue buying Bitcoin in order to maximize shareholder value. Despite concerns, institutional investors, including BlackRock, have confidence in Strategy's Bitcoin strategy. 12 U.S. states also hold Strategy stock in their pension programs or treasury funds. Strategy has announced a $2 billion convertible note offering to fund further Bitcoin acquisitions.



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