Strategy’s Largest Bitcoin Acquisition in Months
Michael Saylor’s company, Strategy (MSTR), has stunned crypto markets with a powerful comeback to heavy-weight bitcoin accumulation. The firm purchased 8,178 BTC last week, spending $835.6 million at an average price of $102,171 per bitcoin. This marks Strategy’s biggest buy in several months after a period of smaller, gradual additions.
New Preferred Offerings Fuel the Bitcoin Buy
The majority of the purchase was funded through Strategy’s new preferred offering, STRE, also known as Steam. The offering attracted strong demand from European investors and raised approximately $715 million earlier this month. Another $131.4 million came from the company’s STRC (Stretch) preferred series, as detailed in a Monday filing.
With this latest acquisition, Strategy’s total holdings have grown to 649,870 BTC, valued at $48.37 billion, with an average cost basis of $74,433 per coin. The company had previously stepped back from issuing large common-share offerings due to its stock falling 56% over the past four months.
This major purchase signals a renewed sense of confidence from Saylor’s leadership team and injects fresh momentum into the broader pro-crypto narrative, reinforcing Strategy’s long-standing commitment to bitcoin.
