Strategy (MicroStrategy) Amasses 700K+ BTC via Stock Sales & High-Yield Credit
Strategy, formerly MicroStrategy, has increased its Bitcoin holdings to 709,715 BTC after acquiring an additional 22,305 Bitcoin between January 12 and 19. The purchases, detailed in an SEC filing, were made at an average price of $95,284 per bitcoin. This brings their total cost basis to approximately $53.92 billion, with paper gains around $10.5 billion. The company funded these acquisitions through at-the-market sales of its Class A common stock (MSTR), perpetual Stretch preferred stock (STRC), and Series A Perpetual Strike Preferred Stock (STRK). Strategy sold 10,399,650 MSTR shares for about $1.8 billion and saw increased activity in its preferred stock offerings. The company's strategy involves turning its Bitcoin treasury into a repeatable yield product, offering investors exposure through Nasdaq-listed securities without requiring direct Bitcoin knowledge.
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