- Strategy bought 1,036 BTC for $81.9 million, its second straight weekly Bitcoin purchase.
- The firm now holds 850,364 BTC, acquired at an average price of $75,456 per coin.
- Strategy funded the buying partly through MSTR share sales and also bought about $188.3 million of STRC preferred stock.
Bitcoin treasury company Strategy has added to its holdings for a second consecutive week, disclosing a purchase of 1,036 BTC in a recent SEC filing. The firm also continued repurchasing its STRC preferred stock, a move that drew on proceeds from sales of its MSTR common shares. Strategy’s total Bitcoin position now stands above 850,000 coins.
What Happened
According to the SEC filing, Strategy acquired 1,036 BTC for $81.9 million at an average price of $79,012 per coin. Following that purchase, the company’s total holdings reached 850,364 BTC, which were acquired for roughly $64.16 billion at an average cost of $75,456 per coin.
Chairman Michael Saylor had signaled the purchase in his regular Sunday post on X, noting that the company had bought more Bitcoin during the prior week. The latest acquisition follows an 811 BTC buy completed two weeks earlier, making it the second consecutive weekly purchase.
To finance the buying, Strategy sold just over 2 million MSTR shares. The stock sales generated net proceeds of $283.8 million. The company allocated the remaining funds to repurchasing STRC shares and to its USD cash pool.
On the STRC side, Strategy bought just over 1.88 million shares for $188.3 million. That buyback took place while the preferred security had returned to its $100 par value, and it used part of the net proceeds from the MSTR sales.
Why It Matters
For investors, the filing offers a view of how Strategy is combining equity sales with preferred stock repurchases to expand its Bitcoin position. Because the company has been raising capital through MSTR share sales to buy coins, its shareholders are effectively exposed to both the share count and the Bitcoin price. Repeated issuance can affect per-share economics, a point that market participants weigh closely when judging the strategy.
The purchase also matters for the broader crypto market, since Strategy is one of the largest corporate holders of Bitcoin. Its buying can be read as a signal of institutional demand, although the pace of its purchases depends on its ability to raise capital. A reduction in that capacity would likely change how much it can add in future weeks.
The MSTR share price reflected some of the investor caution. Premarket trading on the day of the report showed the stock around $124, down more than 3%, according to TradingView data. Over the previous month, the shares had fallen more than 16%.
Market Context
Strategy has built its public profile around accumulating Bitcoin as a treasury asset. Its average cost of $75,456 per coin sits below the $79,012 average price paid in this latest purchase, meaning the most recent buy was made at a higher price than the company’s overall cost basis. Readers should consider that comparison as a factual observation rather than a judgment on future returns.
The STRC preferred stock has had a volatile path. According to TradingView data, it was trading at about $99.70 after slipping back slightly below its $100 par value. Its price has recovered from a yearly low of around $75, leaving it higher over the past one and three months, though it remains below par at the time of the report.
The combination of share sales, preferred buybacks and Bitcoin accumulation illustrates how Strategy manages its capital structure. Each piece depends on market conditions for both its equity and the underlying asset, which is why the company’s disclosures are watched closely.
What to Watch Next
- Future SEC filings: These will show whether Strategy continues weekly Bitcoin purchases and at what average price.
- Funding sources: Pay attention to further MSTR share sales and the net proceeds generated, as they determine how much capital is available for buying.
- STRC price relative to par: Movement around the $100 level will indicate how the market views the preferred stock and whether buybacks continue.
- Saylor’s weekly commentary: His Sunday posts have often previewed purchases, so they can offer early signals before filings appear.
- Bitcoin price versus cost basis: The gap between the market price and Strategy’s average cost of $75,456 per coin will shape investor sentiment toward the company.
Source: original report
