Strategy has expanded its Bitcoin treasury by acquiring 267 bitcoin:native for $22.1 million, bringing its total holdings to 848,517 BTC. The reserve now represents 4.22% of Bitcoin’s total circulating supply. Funding for this latest purchase came primarily from the sale of MSTR Class A common stock and cash reserves. In parallel, @Strategy executed a massive $193.1 million buyback of its STRC preferred stock under its digital credit securities repurchase program. These bold financial maneuvers have sparked lively debate across the market. While supporters see the share repurchases as a strong vote of confidence in the firm’s long-term structure, critics and traditional financial skeptics continue to scrutinize the strategy of diluting common shares and aggressively buying back preferred stock.