Strategy, the bitcoin treasury company formerly known as MicroStrategy, has announced the purchase of 130 more bitcoin for approximately $11.7 million at an average price of $89,960 per coin.
This brings its total holdings to 650,000 BTC, now valued at around $56 billion and representing over 3% of bitcoin’s total supply.
Funding and new reserve
The latest acquisitions were funded through at-the-market sales of the company’s Class A common stock (MSTR) and excluded sales from preferred stock programs.
Alongside the bitcoin purchase, Strategy established a $1.44 billion U.S. dollar reserve to support dividend payments on preferred stocks and interest on outstanding debt.
Recent activity and acquisition timing
A recent 8-K filing with the SEC revealed the acquisitions took place between November 17 and November 30.
The timing follows an earlier period in which no new purchases were announced. The previous week, Strategy had made its largest acquisition since July, buying 8,178 BTC for $835.6 million.
Saylor reaffirms commitment
Strategy’s executive chairman, Michael Saylor, emphasized the firm’s long-term approach and resilience amid market volatility.
In response to concerns about potential index exclusion and passive fund outflows, Saylor stated:
“No passive vehicle or holding company could do what we’re doing. Index classification doesn’t define us. Our strategy is long-term, our conviction in Bitcoin is unwavering, and our mission remains unchanged: to build the world’s first digital monetary institution on a foundation of sound money and financial innovation.”
