Journalist
Tanzeel Akhtar
Journalist
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Strategy disclosed in a regulatory filing that it acquired an additional 13,627 bitcoin between January 5 and January 11, spending approximately $1.25 billion at an average purchase price of $91,519 per BTC, inclusive of fees and expenses.
The purchase further cements the firm’s position as the largest corporate holder of bitcoin globally and continues its long-running strategy of using capital markets activity to accumulate the digital asset.
Total Holdings Reach 687,410 BTC
As of January 11, Strategy reported aggregate bitcoin holdings of 687,410 BTC, acquired for a total cost of approximately $51.80 billion. The company’s average purchase price across all holdings stands at $75,353 per bitcoin, according to the filing.
The latest acquisition comes despite recent volatility in bitcoin prices and a broader pullback in digital asset investment products, signalling Strategy’s continued conviction in bitcoin as a long-term treasury reserve asset.
Purchases Funded Through Equity and Preferred Stock Issuance
The filing shows that the bitcoin purchases were funded using proceeds from the sale of shares under the company’s at-the-market (ATM) programmes, including both common and preferred equity.
During the same period, Strategy sold 1,192,262 shares of STRC, its Variable Rate Series A Perpetual Stretch Preferred Stock, generating $119.1 million in net proceeds. In addition, the company sold 6,827,695 shares of MSTR Class A common stock, raising $1.13 billion in net proceeds.
No shares were sold during the period from its other preferred stock offerings, including STRF, STRK, and STRD, though significant issuance capacity remains available across these instruments.
Capital Structure Supports Ongoing Bitcoin Accumulation
As of January 11, Strategy reported substantial remaining capacity for future issuance, including more than $20.3 billion under STRK, $4.0 billion under STRD, $3.9 billion under STRC, and $1.6 billion under STRF. The company also retains over $10.2 billion of availability under its MSTR common stock programme.
The structure allows Strategy to continue accessing capital opportunistically while spreading financing across common equity and multiple layers of preferred stock with varying dividend features.
A Long-Term Bitcoin Treasury Strategy
Strategy’s disclosure reinforces its position that bitcoin remains the core asset on its balance sheet. While the company’s average acquisition price is well below recent market highs, the pace and scale of accumulation underline its willingness to deploy significant capital regardless of short-term price movements.
With nearly 700,000 BTC now held, Strategy’s balance sheet has become one of the most concentrated institutional expressions of long-term bitcoin exposure in global markets.
