Strategy, the company led by Michael Saylor and formerly known as MicroStrategy, has added 3,081 BTC to its corporate treasury. The acquisition, made between August 18 and August 24, totaled $356.9 million at an average price of $115,829 per coin. This brings the firm’s total Bitcoin holdings to 632,457 BTC, or roughly 3.01% of Bitcoin’s maximum 21 million supply.
Funded Through Stock Offerings
The purchase was financed through proceeds from the company’s ongoing at-the-market equity offering programs. Strategy sold 875,301 shares of its common stock for approximately $309.9 million and issued additional preferred shares under its STRK, STRF, and STRD programs. Total proceeds from all offerings during the week reached $357 million.
Market Position and Future Capacity
Strategy has acquired its Bitcoin holdings at an average price of $73,527 per BTC, representing a total investment of about $46.5 billion. At current market prices, the company’s holdings are worth over $70 billion, resulting in approximately $23.5 billion in unrealized profit.
Strategy’s market capitalization now stands around $112 billion, giving it a premium of roughly 60% over the net asset value of its BTC holdings. The company also retains billions in remaining authorized capacity for future equity and preferred stock issuance, which may support further Bitcoin acquisitions.
The approach – raising capital through stock offerings to acquire and hold Bitcoin – remains unchanged. Its position now accounts for over 3% of all Bitcoin that will ever exist, marking a significant milestone in corporate adoption of digital assets – but also raising worries about centralization.
