Strategy Inc reported acquiring 22,337 Bitcoin at a total cost of nearly $1.6 billion between March 9 and March 15, according to a regulatory filing cited by Investing.com. This purchase represents the company's largest Bitcoin accumulation since January.

The transaction was financed primarily through at-the-market sales of the company's Stretch perpetual preferred shares, totaling about $1.2 billion. An additional $400 million came from common stock sales. Stretch shares, which resemble non-maturing bonds, provide an 11.5% annual dividend supported by Strategy's Bitcoin reserves. Investing.com notes this as the biggest Stretch sale since the product's July initial public offering and the first recent purchase relying mostly on these instruments.

Strategy Inc, a Nasdaq-listed software firm trading at $139.67 with a $46.9 billion market cap, has built a multifaceted funding approach involving debt, preferred equity, and common stock to expand its Bitcoin holdings. The company promotes Stretch shares to investors seeking Bitcoin-linked returns with reduced volatility exposure.

Five analysts maintain a consensus Buy rating on the stock. However, their average target price of $71.50 suggests potential downside from current levels, highlighting a notable gap between market valuation and expectations.