Bitcoin Desk February 11, 2026

Strategy CEO Phong Le confirms Stretch preferred stock closed at $100, signaling more Bitcoin purchases

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Strategy CEO Phong Le announced that their preferred stock “Stretch” closed at $100 today, indicating the company’s intention to purchase more Bitcoin. This performance reflects market confidence in Strategy’s Bitcoin-focused balance sheet approach and aligns with Le’s leadership direction to strengthen the company’s status as a significant corporate Bitcoin holder. Additionally, Strategy utilizes preferred stock offerings like Stretch to non-dilutively finance its ongoing Bitcoin acquisitions.

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