Strategy, the largest publicly traded company holding bitcoin, made a significant acquisition last week, purchasing 10,624 bitcoin for $962.7 million at an average price of $90,615 per coin.
This notable purchase was primarily funded by raising $928.1 million through the sale of common stock and an additional $34.9 million from preferred stock.
Company continues aggressive accumulation
Despite turbulent market conditions and a weakening stock price, Strategy has remained a consistent buyer of bitcoin in recent months.
The company’s latest move brings its total bitcoin holdings to 660,624 BTC, acquired for an aggregate cost of $49.35 billion, translating to an average acquisition price of $74,696 per bitcoin.
For a detailed look at Strategy’s historical and current bitcoin reserves, view the MicroStrategy holdings tracker.
Funding purchase through stock sales
To finance its rapid accumulation, Strategy has turned to equity markets.
The latest bitcoin acquisition followed a previous round where nearly $2 billion was raised to shore up cash reserves for dividend payments.
The aggressive use of stock sales has enabled the company to maintain its buying pace even as its share price experienced a notable decline, hitting a low of around $155 on December 1 before recovering to $182.74 in recent premarket trading.
Saylor meets with global investors
Executive Chairman Michael Saylor, speaking at the BTC Conference in Abu Dhabi, highlighted ongoing meetings with sovereign wealth funds, banks, family offices, and hedge funds in the Middle East.
Saylor’s efforts reflect a strategic push to engage with global capital as bitcoin adoption accelerates.
