TechFlow, Sept 16 — Strategy, branded as the "first and largest Bitcoin treasury company," has successfully securitized $47 billion in fixed-income and equity capital into Bitcoin, reinforcing its leading position in the Bitcoin treasury space. The company's capital structure includes:
- Fixed income: $10.6 billion in debt issued (with $8.2 billion principal outstanding)
- Equity: $30.9 billion in common stock issued, plus $5.8 billion in preferred shares
- Cash: $836 million in excess cash investments on the balance sheet




