- Strategy purchased 525 BTC for $60.2M, raising total holdings to 638,985 BTC.
- Purchases funded via perpetual preferred stocks under the $84B “42/42” program.
- Strategy remains a corporate bitcoin leader despite market volatility and S&P 500 exclusion.
Strategy (formerly MicroStrategy) has strengthened its bitcoin position, acquiring an additional 525 BTC for roughly $60.2 million at an average price of $114,562 per coin between September 8 and 14, according to its recent SEC 8-K filing. This latest purchase brings Strategy’s total holdings to 638,985 BTC, valued at around $73.4 billion and representing more than 3% of Bitcoin’s total 21 million supply. Co-founder Michael Saylor emphasized the company’s long-term confidence, noting that paper gains now stand near $26 billion.
The purchases were funded through at-the-market (ATM) sales of Strategy’s perpetual preferred stocks, including STRK, STRF, and STRD. Each of these instruments offers different risk-reward profiles, with STRK convertible for equity upside, STRF offering a conservative cumulative dividend, and STRD providing high-risk, non-convertible returns.
Capital Strategy and Market Reactions
Despite earlier guidance limiting common equity issuance below a 2.5x market cap to net asset value (mNAV) ratio, Strategy recently confirmed it may continue issuing shares if deemed advantageous. The move allows greater flexibility in executing its ambitious bitcoin acquisition plan, part of the upsized “42/42” program, targeting $84 billion in capital raises for crypto purchases through 2027.
Following these announcements, Strategy’s stock, MSTR, closed up 1.7% at $331.44 last Friday, showing resilience even as the broader market faced volatility. Analysts remain split: some warn of premium valuation risks and cautious sentiment, while others highlight the company’s manageable leverage and robust capital structure capable of withstanding prolonged bitcoin downturns.
The Broader Corporate Bitcoin Trend
Strategy remains at the forefront of a growing trend. According to Bitcoin Treasuries data, 171 public companies now maintain bitcoin holdings, including MARA, Bitcoin Standard Treasury Company, and Coinbase. While many firms’ stock values have cooled since summer highs, Strategy continues to command attention due to its aggressive accumulation strategy and transparent reporting of bitcoin purchases.
Saylor reaffirmed his conviction, stating, “Bitcoin deserves credit,” underscoring Strategy’s belief in the digital asset’s long-term value.
Also Read: $3.3B Flows Back Into Crypto Funds as Bitcoin ETFs Spark Market Rebound
With each strategic purchase, Strategy solidifies its role as a corporate bitcoin pioneer. Through innovative funding mechanisms and a structured capital plan, the firm is positioning itself for continued growth, even amid market volatility. Investors watching corporate bitcoin adoption closely will likely continue monitoring Strategy as a bellwether for the sector.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
