$BNB News about BNB and also the major cryptocurrencies Bitcoin decreased slightly on Friday as uncertainty about U.S. interest rates and rising trade tariffs led traders to largely shy away from cryptocurrency markets.

The largest cryptocurrency in the world fell by 3% to $84,094.1 by 4:34 PM Eastern Time (20:34 GMT).

Strategy raised $711 million to finance further Bitcoin purchases.

Strategy, formerly known as MicroStrategy, is likely preparing for another large Bitcoin purchase after completing the largest offering of its new preferred shares.

According to an announcement made on Friday, the company raised approximately $711.2 million by selling 8.5 million shares of its 10% Class A preferred stock at a price of $85 per share, exceeding its initial target of $500 million.

With over 499,200 Bitcoins already on its balance sheet, upcoming acquisitions are expected to push Strategy's holdings to over 500,000.