TLDR
- Strategy Inc. adds 525 BTC for $60.2M, boosting total to $73B+ in Bitcoin.
- Firm uses preferred stock sales, not revenue, to fund latest BTC purchase
- Strategy’s BTC stash hits 638,985 coins, dwarfing other corporate holders.
- $73B Bitcoin treasury makes Strategy the unrivaled leader in corporate crypto.
- Capital markets engine fuels 7th week of Bitcoin buys despite market dip.
Strategy Inc., formerly MicroStrategy(MSTR), expanded its Bitcoin reserve by purchasing 525 BTC for $60.2 million. The firm used proceeds from preferred stock offerings rather than operational revenue. Its total Bitcoin holdings now exceed $73 billion in market value, further solidifying its position as the largest corporate holder.
Bitcoin (BTC): Latest Acquisition Adds $60.2M Worth of BTC
Strategy acquired 525 BTC between September 8 and 14 at an average price of $114,562 per coin. The transaction brought its total Bitcoin reserve to 638,985 BTC, which was valued at around $73.4 billion at the time of filing. The cumulative cost of acquisition reached $47.23 billion, reflecting a per-coin average of $73,913.
This marks the company’s seventh consecutive week of Bitcoin accumulation, reinforcing its consistent on-chain acquisition momentum. The acquisition occurred despite market fluctuations, with BTC down 0.48% during the period. Yet Strategy continues to treat these dips as key purchase windows.
The latest Form 8-K filed with the SEC outlines this transaction clearly and shows that operating cash flows did not back the purchases. Instead, the funding originated from capital raised through preferred stock sales. This approach underscores Strategy’s structured long-term view on Bitcoin accumulation.
Capital Markets Strategy: Preferred Stock Funds the Move
The firm financed the acquisition using proceeds from three Series A perpetual preferred stock classes—STRF, STRK, and STRD. These instruments raised $68.4 million in capital, exceeding the amount needed for the $60.2 million BTC purchase. Each preferred share class carries different dividend and risk structures, offering diversified access to external capital.
Strategy deliberately avoided common equity issuance to prevent diluting its outstanding stock. This structure has enabled it to grow its BTC holdings aggressively while maintaining stock stability. Moreover, it reflects a calculated use of financial engineering to increase cryptocurrency exposure.
This method has become the company’s standard model for Bitcoin acquisitions. Just a week earlier, it deployed the same strategy to purchase 1,955 BTC for $217.4 million. That repeatability makes its capital markets engine both efficient and scalable.
Bitcoin Positioning: Corporate Holdings Reach New Heights
Strategy’s total Bitcoin holdings now dwarf those of other public companies by a wide margin. The next largest, Marathon Digital, holds 52,477 BTC, followed by Twenty One and Bitcoin Standard Treasury Company. No other corporate treasury is even close in scale.
Despite recent challenges, such as its exclusion from the S&P 500, the firm remains laser-focused on its Bitcoin-first strategy. Its executive chairman continues to promote Bitcoin as a core asset, reinforcing the firm’s ongoing bullish stance.
With more than $26 billion in unrealized gains, Strategy’s approach has so far paid off. It continues to expand its crypto position, regardless of short-term market conditions. The firm is now firmly entrenched as the dominant corporate force in the digital asset space.
