Strategy CEO buys $250K in perpetual preferred stock

Strategy CEO Phong Le has purchased $250,000 worth of the company's perpetual preferred stock (STRC), BitcoinTreasuries reported. The move follows a previous announcement that Strategy had significantly expanded its at-the-market (ATM) equity offering program to raise up to $44.1 billion. While the latest announcement did not mention any plans to buy Bitcoin, Strategy has historically used various stock sale programs to fund its BTC acquisitions.