Michael Saylor’s company, Strategy, has continued its steady Bitcoin buying, adding 1,031 BTC worth about $76.6 million last week. Compared to its recent massive purchases, this latest buy is relatively small, but it still shows the company’s long-term commitment to Bitcoin.
The purchase was made at an average price of $74,326 per Bitcoin, slightly below the company’s overall average buying price. With this, Strategy now holds 762,099 BTC, making it the largest public holder of bitcoin in the world. The company has spent nearly $57.7 billion building this massive reserve.
Interestingly, this purchase was funded through the sale of common shares, unlike previous deals where preferred stock played a bigger role. Over the past few weeks, Strategy has made much larger buys, including purchases worth billions of dollars, showing an aggressive accumulation strategy.
Source: Trading View
However, the company is currently sitting on a small unrealised loss, as Bitcoin’s price remains below its average purchase level. Still, Strategy appears confident, as it plans to raise over $44 billion through various financial programmes to continue buying Bitcoin.
At present, institutional players are becoming more dominant in the Bitcoin market. Even major ETFs collectively hold over 1.3 million BTC, showing growing institutional interest. Strategy’s continued buying highlights its belief that Bitcoin will perform well in the long run, despite short-term price fluctuations.
The company aims to raise $21 billion by selling its common shares (MSTR) and another $21 billion through its high-yield preferred stock called Stretch (STRC).
In addition, it plans to raise $2.1 billion more through another preferred stock offering, Strike (STRK). These shares will be sold gradually in the open market through “at-the-market” (ATM) programmes, instead of raising large sums all at once.
A key part of this strategy is offering investors exposure to Bitcoin through company securities. The preferred stocks provide monthly dividends, making them attractive to income-focused investors while allowing Strategy to keep accumulating Bitcoin without heavily diluting its common shareholders.
Source: Strategy.com
This approach marks a shift from earlier methods like convertible debt, as the company now prefers flexible, continuous fundraising. Despite Bitcoin being below its peak and the company holding a small unrealised loss, Strategy remains strongly committed to expanding its Bitcoin reserves, which already exceed 762,000 BTC.
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