Strategy Inc., the Bitcoin treasury firm led by executive chairman Michael Saylor, has expanded its already massive Bitcoin reserves with another major acquisition.
In a statement shared on X, Saylor confirmed Strategy had purchased 17,994 BTC last week for approximately $1.28 billion, paying an average price of $70,946 per Bitcoin. The transaction increases Strategy’s total holdings to 738,731 BTC, acquired for roughly $56.04 billion at an average cost of about $75,862 per coin.
The latest purchase reinforces Strategy’s position as the largest publicly traded corporate holder of Bitcoin, controlling over 3.4% of its fixed 21 million supply.
Continued Bitcoin Accumulation Through Equity Financing
The purchase was funded through Strategy’s at-the-market (ATM) equity program, which allows the company to raise capital by issuing stock and preferred shares. Over the past week, Strategy sold 10.1 million shares across multiple securities offerings, generating about $1.28 billion in net proceeds, which were then used to acquire the Bitcoin.
The capital raise involved selling roughly 6.33 million shares of Class A common stock for $899.5 million and 3.78 million shares of preferred stock for $377.1 million, a financing model Strategy has used repeatedly to expand its Bitcoin treasury. Since adopting Bitcoin as its primary reserve asset in 2020, the Virginia-based company has steadily increased its holdings through a combination of equity sales, debt issuance, and periodic purchases during market volatility.
With current market prices near $68,000 per Bitcoin, the company’s Bitcoin treasury is valued at roughly $50 billion, though its average purchase price remains above current spot levels. This leaves Strategy sitting on about $6 billion in unrealized losses, but the company has repeatedly emphasized that its strategy is focused on long-term accumulation rather than short-term price movements.
Strategy Chairman Saylor Predicts Swift Bitcoin Rebound Amid ‘Mild Crypto Winter’
Strategy’s Unmatched Conviction
Strategy’s purchases generally draw attention across the crypto market because of the sheer scale of its Bitcoin exposure. The latest purchase marks the company’s 11th consecutive weekly Bitcoin acquisition, underscoring Strategy’s aggressive accumulation strategy even during periods of market volatility.
Saylor has long described Bitcoin as a superior store of value compared to traditional cash reserves, and Strategy’s treasury policy reflects that conviction. By continuing to accumulate during both rallies and pullbacks, the company has effectively transformed itself into what many investors view as a publicly traded proxy for Bitcoin exposure.
Despite its huge losses, Saylor has repeatedly defended the firm’s stance, stating that its model of converting debt into tradable equity makes it more than capable to furnish its debt obligations, even if the Bitcoin price crashes further. With more capital still available under its equity programs, market participants will be watching closely to see whether Strategy continues its buying streak in the weeks ahead.
Strategy Expands Bitcoin Holdings to 720,737 BTC Following Latest Acquisition
Temitope Olajide
The CoinRemark Team
