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- Strategy purchases 2,486 BTC for $168.4M, lifting total holdings to 717,131 Bitcoin.
- Total Bitcoin investment reaches $54.52B, with an average acquisition cost of $76,027.
- ATM equity and preferred share sales generate $169M to fund the latest BTC addition.
Strategy announced the purchase of 2,486 Bitcoin for approximately $168.4 million. The company paid an average price of $67,710 per coin. The latest purchase increases its total reserves to 717,131 BTC. The disclosure confirms continued accumulation.
The company has spent about $54.52 billion to build its Bitcoin position. Its average acquisition cost now stands at $76,027 per Bitcoin. The figures were released in its latest update. The holdings make Strategy the largest corporate owner of the asset.
Strategy Equity Sales Fuel Latest BTC Acquisition
The purchase was financed through at-the-market sales of securities. Between February 9 and 16, the firm raised $90.5 million by selling 660,000 shares of MSTR Class A common stock.
It also generated $78.4 million from selling 785,354 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock. The combined proceeds totaled roughly $169 million.
The company directed those funds toward the Bitcoin acquisition. This approach follows its established capital-raising model.
Strategy has repeatedly used equity and preferred stock sales to support purchases. The structure allows it to expand reserves without using operating cash.
Also Read: Strategy Inc Becomes World’s Largest Corporate Bitcoin Holder with 713,502 BTC
Strategy Adds BTC Despite Market Weakness
The transaction occurred during a softer phase in the market. Bitcoin was trading near $66,958, according to CoinMarketCap data. The buy followed a smaller addition of 1,142 BTC in the prior week. The timing reflects ongoing activity despite price fluctuations.
Strategy changed after it rebranded from MicroStrategy. The company adopted Bitcoin as its main treasury asset.
The company’s executives claim that the main reason for investing in the cryptocurrency is to hedge against inflation. The company still considers it to be a long-term reserve asset.
The prevailing market price is lower than the average entry cost for the company. This means that the company is realizing some losses on its holdings.
Nevertheless, the company has not changed its strategy. The latest purchase is part of the company’s long history of steady purchases.
Also Read: Crypto Markets Fell on October 10 as Global Tariffs Sparked Massive Sell-Off s
