TL;DR
- Strategy bought 1,045 BTC for $110.2M at an average price of $105,426, bringing its total holdings to 582,000 BTC valued at $40.8B.
- The purchase coincides with the announcement of a $1B preferred stock offering, aimed at funding further Bitcoin acquisitions and covering corporate expenses.
- Other companies like Metaplanet, The Blockchain Group, and Norwegian Block Exchange are starting to replicate Strategy’s model.
Strategy has completed a new Bitcoin purchase worth $110.2 million, adding 1,045 BTC to its treasury. The operation was carried out at an average price of $105,426 per unit. At the moment, Bitcoin is trading around $107,600, less than 4% below its all-time high from May. With this latest acquisition, the company now holds 582,000 BTC, acquired for a total of $40.8 billion, with an average purchase price of $70,086 per Bitcoin.
This marks the ninth consecutive week that Strategy has increased its Bitcoin holdings. The purchase coincides with the launch of a public offering for its Series A Perpetual Stride Preferred Stock, valued at $1 billion. The operation, which quadruples the company’s initial $250 million target, will issue 11.76 million shares at $85 each. The non-cumulative 10% dividends are designed to attract institutional investors seeking dollar-denominated yield opportunities, with proceeds earmarked for additional Bitcoin purchases and corporate expenses.
Everyone Wants to Be Strategy
Michael Saylor, Strategy’s co-founder and current executive chairman, had hinted at this purchase days earlier. Since August 2020, the company has maintained a steady Bitcoin accumulation strategy, beginning with a 21,454 BTC purchase for $250 million. Since then, its market capitalization has surged from $1.2 billion to $104.6 billion.
Strategy’s model has started to spread to other companies. Metaplanet, nicknamed “Japan’s MicroStrategy,” recently secured a spot among the eight largest corporate Bitcoin holders. Meanwhile, French firm The Blockchain Group added 580 BTC to its treasury in November 2024 and tripled its stock price after shifting to a Bitcoin accumulation strategy. More recently, Norwegian Block Exchange doubled its market value in a single day after announcing plans to allocate company capital to Bitcoin purchases.
