Bitcoin Holdings Now Total 632,457 BTC Worth Over $70 Billion
Strategy (MSTR) has once again expanded its massive Bitcoin portfolio, acquiring an additional 3,081 BTC for approximately $356.9 million. The average purchase price per coin was $115,829, according to a company statement. This brings the total Bitcoin holdings to a staggering 632,457 BTC, acquired at a total cost of $46.5 billion. The average purchase price across all holdings now stands at $73,527 per coin.
Despite recent volatility in the crypto markets—Bitcoin has dropped to around $111,000 in the past 24 hours—Strategy’s crypto assets are still valued at an estimated $70.2 billion as of Monday morning. The latest Bitcoin buy was mostly funded by a $300.9 million raise from common stock sales, with smaller amounts sourced from preferred stock sales.
Investor Reactions and Concerns Over Strategic Shift
The aggressive Bitcoin accumulation continues to raise eyebrows among investors, especially after co-founder Michael Saylor appeared to backtrack on a previous commitment not to sell common stock below 2.5x modified Net Asset Value (mNAV). With Strategy’s mNAV recently dipping below 2x, some critics are questioning whether the company is prioritizing its crypto ambitions at the expense of shareholder value.
Despite the criticism, Strategy remains committed to its Bitcoin-first approach, a stance that has defined its corporate identity in recent years. While the market watches closely, the company seems determined to continue using both equity and debt instruments to fuel further Bitcoin acquisitions.
