(April 6): Bitcoin accumulator Strategy Inc registered a roughly US$14.5 billion (RM58.46 billion) unrealised loss in the first quarter as the value of the Michael Saylor-led company’s cryptocurrency holdings fell. The latest acquisition was funded through sales of Class A common stock and at-the-market sales of the firm’s Stretch preferred shares. Now, co-founder and executive chairman Saylor is leaning more heavily on Stretch preferred shares to keep funding purchases. Issuing preferred shares avoids that dilution but adds a fixed obligation. Last month, the firm announced plans to sell US$21 billion in Class A common stock and US$21 billion in perpetual preferred shares through open-market offerings.

Source: The Edge Markets April 06, 2026 13:25 UTC