Strategy (NASDAQ:MSTR), under the leadership of Michael Saylor, added 430 BTC to its portfolio last week, paying an average of $119,666 per coin for a total outlay of roughly $51.4 million.
The company’s total Bitcoin balance now stands at 629,376 BTC, acquired at an average price of $73,320 per unit. The current market value of these holdings is estimated at $72.4 billion, up from the $46.2 billion invested since Strategy began its accumulation in 2020.
Funding for these purchases has primarily come through preferred stock offerings. Between August 11 and 17, Strategy issued series STRK, STRF, and STRD, netting around $50 million. These securities carry coupons ranging from 8% to 10% and are part of a portfolio that could reach $84 billion by 2027.
No shares were issued under the traditional ATM program during the same period. However, the company updated its policy to allow more flexibility, permitting issuances at less than 2.5 times net asset value. This change is intended to reduce dilution risks while providing broader fundraising options in the future.
The week of the acquisition was marked by significant Bitcoin volatility, with prices swinging between $115,000 and $124,000. Commenting on the fluctuations via X, Saylor said, “volatility is a gift to the faithful.”
Smaller purchases have also taken place recently, such as 155 BTC acquired just days earlier, in contrast to the larger acquisitions in early August. Even at a slower pace, Strategy alone now controls nearly 3% of Bitcoin’s 21 million coin cap.
Shares of MSTR opened down 1.9% on Monday (18), contributing to a weekly decline of over 10%. Despite this, the stock is still projected to gain around 20% in 2025.
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