#StrategyBTCPurchase

referring to MicroStrategy’s Bitcoin acquisition strategy

· Core approach: Raise capital via convertible debt or equity offerings, then buy Bitcoin as a primary treasury reserve asset.$BTC

· Scale: As of 2026, holds over 200,000 BTC, purchased in tranches across multiple market cycles.$ETH

· Key metric: Uses “BTC yield” (growth in BTC holdings relative to diluted shares) as a performance KPI, targeting 6–10% annually.$BNB

· Risks: High volatility, leverage exposure, and dependency on continued investor appetite for convertible notes.

· Recent trend: Strategy (formerly MicroStrategy) has shifted to issuing perpetual preferred stock to fund purchases without fixed maturities.