Strategy Reactivates Bitcoin Acquisition Strategy With $370 Million Buy

• Strategy acquired 4,603 Bitcoin during the past week for $370 million, at an average price of $80,318 per coin.
• The company now controls approximately 4.21% of Bitcoin’s 20.07 million circulating supply.
• The firm continues to face criticism for repeatedly diluting its MSTR common stock to fund additional BTC purchases, increase reserves, service interest and dividend obligations, and repurchase STRC preferred shares.

Signs of this move emerged last week when Strategy (MSTR) disclosed that it had earmarked $1.58 billion in available capital. On Monday, the company followed through by resuming its Bitcoin (BTC) accumulation campaign with a $370 million transaction.

Strategy’s Most Recent Bitcoin Acquisition

According to Strategy’s latest Form 8-K filing with the US Securities and Exchange Commission (SEC), the company purchased 4,603 BTC over the past week at an average price of $80,318 per coin. This acquisition brings its total holdings to 845,050 BTC, representing approximately 4.21% of the leading cryptocurrency’s 20.07 million circulating supply.

To date, this Bitcoin-focused digital asset treasury (DAT) company has invested $63.73 billion in BTC, corresponding to an average purchase cost of $75,412 per coin.

Additional MSTR Share Sales

As part of its capital strategy, Strategy announced the sale of more than 4.53 million shares of MSTR Class A Common Stock. The offering generated $602.8 million in net proceeds for the company.

Beyond funding the Bitcoin purchase, the company allocated a portion of these proceeds to cover $50.7 million in dividend payments to holders of its STRC Variable Rate Series A Perpetual Stretch Preferred Stock. Additionally, Strategy repurchased nearly 1.56 million STRC shares for $151.8 million under the Digital Credit Securities provision of its Digital Credit Capital Framework.

The company also directed $30 million toward bolstering its cash reserves. As a result, the market intelligence solutions provider and Bitcoin development company now maintains approximately $5.1 billion in US dollar reserves—sufficient to cover four years of annual interest and dividend obligations. Meanwhile, approximately $1.61 billion remains allocated for future Bitcoin acquisitions.

Reactions From the Crypto Community

Strategy’s return to Bitcoin accumulation has generated renewed optimism among some members of the crypto community. They interpret the move as a strong vote of confidence in the market, suggesting that institutional buying power remains robust despite broader macroeconomic uncertainty.

It is worth noting that prior to this latest purchase, Strategy’s most recent Bitcoin acquisition occurred on June 22, when it purchased 520 BTC for $35 million. Following that transaction, the company executed four consecutive Bitcoin sales totaling 6,916 BTC for an aggregate of $428 million, executed as the asset’s price declined to approximately $59,256 per coin.

However, critics have questioned the timing of these transactions, noting that the company was selling rather than accumulating additional BTC when prices bottomed in August. The resumption of buying only materialized after Bitcoin crossed the $80,000 threshold for the first time since May.

Despite the criticism, Executive Chairman Michael Saylor maintained that Strategy’s performance metrics demonstrate strength, particularly within its STRC operations.

What’s your Reaction?

+1

6

+1

0

+1

0

+1

0

+1

3

+1

0

+1

0

Source link