Strategy purchased $1.28 billion worth of bitcoin last week, funding part of the acquisition through the issuance of $377 million in preferred shares, as the firm continued expanding its aggressive crypto treasury strategy.
The Tysons Corner–based company now holds approximately 738,750 bitcoin, valued at about $50.5 billion with bitcoin trading near $68,500, according to a company disclosure.
“The second century begins,”
Said Strategy co-founder and executive chairman, Michael Saylor, in a post on social media following the company’s milestone 100th bitcoin purchase last month.
The firm raised the capital primarily through its STRC variable-rate preferred shares, which currently offer an 11.5% annualised dividend and are designed to trade near $100, with additional issuance triggered when the price rises above that level.
Strategy has issued about $3.8 billion of STRC since the product debuted in July, using the instrument alongside common stock sales to finance additional bitcoin purchases.
Despite the latest acquisition, the company’s bitcoin holdings remain about $5.5 billion underwater on paper, with the average purchase price of its treasury now around $75,800 per coin.
The move marks Strategy’s second-largest bitcoin purchase of the year, highlighting the company’s continued commitment to its long-term bitcoin accumulation strategy despite recent volatility in both crypto markets and its own share price.
At the time of reporting, Bitcoin price was $69,182.29.