Strategy Says It Can Create Up to $30 Billion in Digital Credit to Buy More Bitcoin

Odaily Report: Bitcoin treasury company Strategy is considering issuing preferred stock to finance additional Bitcoin purchases. Executive Chairman Michael Saylor said the company can create up to $30 billion in digital credit based on its existing balance sheet, without issuing additional common stock or requiring Bitcoin's price to continue rising.

CEO Phong Le said that issuing digital credit will be Strategy's primary method for acquiring more Bitcoin; if the company raises $1 billion to $2 billion through STRC in a month, part of the funds could be allocated to USD reserves, with the remainder used to purchase Bitcoin.

Strategy reported third-quarter net income of $19.53 billion, primarily driven by a $20.91 billion increase in the value of digital assets. As of October 25, the company held 848,517 Bitcoin, up 26% year-to-date. The $30 billion figure represents potential financing capacity, not a publicly announced fundraising target. (Cointelegraph)