Strategy continues to buy Bitcoin, but more purchasing funds come from preferred stock issuances.

Strategy Company purchased nearly $170 million worth of Bitcoin, with approximately half of the funds coming from a perpetual preferred stock offering, the highest percentage since November. The company, originally named MicroStrategy, bought 2,486 Bitcoins between February 9 and February 16, according to a regulatory filing on Tuesday. Over $78 million of the purchase funds came from the sale of its "Stretch" preferred stock, accounting for about 46% of the total purchase amount. These preferred stocks were sold at a price below face value. The remaining $90.5 million was raised through the sale of Class A common stock.