Strategy resumed its bitcoin accumulation strategy with a $101 million purchase of 1,550 BTC, rebuilding confidence after its first bitcoin sale in years and bringing its holdings to 845,256 BTC.
Strategy (MSTR) returned to the bitcoin market this week, purchasing 1,550 BTC for approximately $101 million — its first acquisition since a controversial sale of 32 bitcoin drew scrutiny from investors and analysts. The company disclosed the purchase in an 8-K filing with the Securities and Exchange Commission on Monday morning.
Executive Chairman Michael Saylor confirmed the buy on social media, stating that Strategy’s total bitcoin reserve now stands at 845,256 BTC, acquired for just under $64 billion at an average price of $75,680 per coin. The latest tranche was purchased at an average of $65,332 per bitcoin — roughly $10,000 below the firm’s cost basis, meaning the full position carries an implied paper loss of around $10.5 billion at current prices.
The acquisition was financed through at-the-market sales of Class A common stock. Strategy sold 1,409,600 MSTR shares last week, raising approximately $181 million. A portion of those proceeds funded the bitcoin purchase while the remainder pushed the company’s U.S. dollar cash reserves from $900 million to $1 billion — a move analysts say was needed to restore institutional confidence.
