Strategy Spends $963 Million On Huge Bitcoin Purchase

"The company paid an average price of $90,615 per bitcoin during the Dec. 1-7 period, according to a regulatory filing and a statement from Executive Chairman Michael Saylor. The purchase lifts Strategy's total bitcoin holdings to 660,624 coins, accumulated for roughly $49.35 billion at an average cost of $74,696 per bitcoin. At current prices near $94,000, Strategy's bitcoin stash is valued at about $60.5 billion, leaving the firm with an estimated $11 billion in unrealized gains."

"Shares of Strategy (MSTR) were modestly higher in premarket trading Monday, rising about 2% alongside a small advance in bitcoin. The stock rebounded from a low near $155 on Dec. 1, reached during a sharp selloff across crypto-linked equities, but remains down more than 50% over the past six months. The acquisition marks Strategy's largest weekly bitcoin purchase since July. In recent months, the company continued to add bitcoin almost every week, though in smaller amounts, as falling equity prices limited its ability to raise capital."

"Strategy said the purchase was funded primarily through its at-the-market equity sales program. The company raised $928.1 million from the sale of 5.13 million shares of MSTR common stock and an additional $34.9 million from selling 442,536 shares of its STRD preferred stock. Net proceeds totaled about $963 million. The firm retains significant remaining issuance capacity across multiple securities. Strategy reported unused at-the-market capacity of about $13.45 billion in common stock and more than $26 billion across several preferred and structured offerings, including STRK, STRF,"

Strategy acquired 10,624 bitcoin between Dec. 1-7 for roughly $962.7 million, paying an average of $90,615 per coin. Total holdings now equal 660,624 bitcoins, accumulated for about $49.35 billion at an average cost of $74,696 per bitcoin. At prices near $94,000, the holdings are valued at approximately $60.5 billion, creating an estimated $11 billion in unrealized gains. The purchase was funded mainly via an at-the-market equity sales program that raised about $963 million net from common and preferred stock sales. Strategy reports substantial remaining issuance capacity across multiple securities amid recent market volatility.

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