Strategy has expanded its cryptocurrency holdings by acquiring an additional 130 Bitcoin, valued at approximately $10.7 million, further cementing its position as a major institutional holder of digital assets. The company purchased these Bitcoin at an average price of $82,981, bringing its total holdings to an impressive 499,226 BTC, representing more than 2% of Bitcoin’s total circulating supply.
Strategic Bitcoin acquisition of 130 additional tokens pushes holdings to over 2% of circulating supply, showcasing institutional confidence in digital assets.
This acquisition was funded through the sale of preferred stock, specifically 123,000 shares from Strategy’s STRK ATM program, which aims to raise up to $21 billion for future Bitcoin purchases. The company’s Bitcoin holdings now have a market value of approximately $41.6 billion, with an average acquisition cost of $66,360 per Bitcoin across all purchases. This transaction represents Strategy’s smallest Bitcoin purchase on record to date.
Strategy has invested approximately $33.1 billion, including fees, in building this substantial cryptocurrency position, demonstrating its long-term commitment to Bitcoin as a treasury asset. The recent purchase occurred despite Bitcoin’s recent volatility, which saw prices drop below $80,000, approaching Strategy’s average acquisition cost.
Under the guidance of Executive Chairman Michael Saylor, Strategy continues to pursue its Bitcoin accumulation strategy regardless of market fluctuations. Saylor, a vocal Bitcoin advocate, views the cryptocurrency as essential for financial stability and wealth preservation in an increasingly digital economy. This approach aligns with his personal investment philosophy, as Saylor’s own Bitcoin holdings are now valued at over $1 billion.
His vision has influenced numerous other companies to follow Strategy’s lead in holding Bitcoin as a treasury asset, viewing it as a potential means to enhance share prices and diversify corporate assets beyond traditional cash reserves. Unlike traditional currencies, Bitcoin offers corporations protection from inflation due to its fixed supply cap of 21 million coins.
Strategy’s approach involves using its STRK ATM program rather than selling Class A common stock to fund acquisitions, with approximately $20.99 billion worth of STRK shares still available for sale. This methodical accumulation strategy persists despite some investors expressing concerns about Strategy’s premium valuation relative to its net asset value.
As Bitcoin continues to gain institutional acceptance, Strategy’s early and substantial position highlights the evolving perspective on cryptocurrency as a legitimate corporate asset class that may outperform traditional cash reserves over time.
