Strategy bought about 13,627 Bitcoin last week, its largest weekly buy since July, bringing total holdings to 687,410 BTC as of Monday and raising the stash’s value to about $62.8 billion, according to its press release. The Tysons Corner, Virginia firm said it bought the coins to add to its treasury and funded much of the purchase through new share issuances.
The company issued 6.8 million common shares, raising about $1.1 billion, and sold roughly $119 million of STRC preferred stock. Michael Saylor, the firm’s co-founder and executive chairman, has pitched STRC as an alternative savings vehicle for cautious investors.
Bitcoin traded near $91,415 when the update was released, valuing the new buy at roughly $1.2 billion and leaving an average purchase price of about $75,300 per coin. Data shows the firm has spent roughly $51.8 billion acquiring its Bitcoin holdings (bitcointreasuries.net).
Shares opened near $157, dipped, then rose above $159, and the company reported an mNAV of 1.03 on its website. MSCI deferred removing crypto-heavy firms from indexes, a move the company hailed as “a strong outcome for neutral indexing and economic reality.” Max Keiser added that the MSCI cap was “a nothing-burger,” as he said on X.
