Strategy buys $1.28B in Bitcoin as Nasdaq plans tokenized stock trading

Key Point

Morning Minute reports that Michael Saylor’s Strategy purchased 17,994 Bitcoin for $1.28 billion between March 2 and March 8 through its at-the-market capital raise program tapping common equity and STRC preferred shares. Strategy now holds 738,731 BTC with an average cost basis of $75,862 per Bitcoin after this latest acquisition. The newsletter also notes that Nasdaq plans to partner with Kraken’s parent company Payward to launch tokenized stock trading on Kraken’s xStocks framework in the first half of 2027.