Michael Saylor’s Strategy (MSTR) bought 10,624 Bitcoin, marking the firm’s biggest Bitcoin purchase since July.
According to the company’s latest SEC filing, Strategy spent about $962.7 million on purchases since December 1st, paying on average $90,615 per BTC.
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With this addition, the bitcoin-focused treasury now holds 660,624 BTC, valued at roughly $60 billion, as confirmed by Executive Chairman Michael Saylor. That stash represents more than 3% of Bitcoin’s total 21 million supply.
Stock Sales Fuel Strategy’s Buying Spree
Strategy paid for its latest bitcoin purchases by selling more of its stock. Last week, it raised $928 million by issuing 5.13 million new MSTR shares and another $34.9 million by selling STRD preferred shares.
The company still has billions of dollars’ worth of stock it can issue across multiple at-the-market programs, all feeding into its larger plan to raise up to $84 billion for future bitcoin buys.
Strategy’s announcement of this latest purchase comes amid a rebound in the Bitcoin price. The flagship crypto has again broken above the psychological $91,000 level.
Saylor’s High-Conviction Bitcoin Strategy
Michael Saylor remains one of Bitcoin’s most outspoken corporate champions. His long-standing strategy relies on aggressive, often debt-backed BTC accumulation as a hedge against inflation and dollar weakness.
However, the company has faced growing scrutiny over this leveraged approach, especially after sharp swings in Bitcoin’s price and a steep drop in Strategy’s stock.
Strategy’s shares have fallen more than 40% since January, now trading below the value of its underlying Bitcoin holdings. Bitcoin itself is trading over 15% down compared with a month ago.
Why This Matters
Strategy’s massive new purchase reinforces institutional confidence in Bitcoin at a moment of heightened volatility, potentially shaping market sentiment.
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People Also Ask:
Strategy is a publicly traded business-intelligence company that has become known for holding more Bitcoin than any other corporation in the world.
Under Michael Saylor’s leadership, the company uses Bitcoin as its primary treasury asset, viewing it as a long-term hedge against inflation and currency debasement.
Strategy raises money through stock issuance, preferred shares, and convertible debt—essentially selling financial instruments to buy more BTC.
After the latest purchase, Strategy holds 660,624 BTC, representing over 3% of Bitcoin’s total 21 million supply.
