Strategy's investment in Bitcoin has recently resulted in paper losses as the cryptocurrency's value fell below the firm's average purchase price of approximately $76,000. According to NS3.AI, the company has expanded its Bitcoin holdings by about 900 coins, acquiring them at an average cost of $88,000. This acquisition was financed through the issuance of common stock, without selling any preferred shares. Despite a decline in its stock price, Strategy retains a substantial cash reserve and has increased its preferred shares dividend rate, indicating complexities in its capital raising expenses.