Strategy (formerly MicroStrategy), the world’s largest bitcoin treasury company, has announced the purchase of an additional 390 BTC for approximately $43.4 million at an average price of $111,117 per bitcoin between October 20 and October 26.
The new acquisition brings the company’s total holdings to 640,808 BTC, now worth roughly $74 billion at current market prices.
Funding and capital strategy
The company funded its latest bitcoin purchases through proceeds from at-the-market (ATM) sales of its perpetual preferred stock, including the STRK, STRF, and STRD series.
These financing programs are part of Strategy’s ongoing capital-raising initiative, which aims to accumulate up to $84 billion for bitcoin acquisitions through 2027, an increase from its original $42 billion plan.
According to recent filings, the average price paid for all holdings stands at $74,032 per bitcoin, with total acquisition costs, including fees, reaching $47.4 billion.
Significant share of bitcoin supply
Strategy’s current haul represents more than 3% of bitcoin’s total 21 million supply and implies paper gains of approximately $26.6 billion at recent prices.
For detailed tracking of Strategy’s historical and current bitcoin holdings, see the MicroStrategy bitcoin holdings chart.
Preferred stock details
The perpetual preferred stock offerings feature varying structures:
STRD is non-convertible with a 10% non-cumulative dividend and high risk-reward, STRK is convertible with an 8% non-cumulative dividend, STRF is non-convertible with a 10% cumulative dividend, and STRC offers a variable-rate, cumulative monthly dividend. These instruments are designed to support Strategy’s leveraged bitcoin acquisition plans.
