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- Strategy bought 22,337 BTC for $1.57 billion, one of its largest purchases ever.
- The company now holds 761,068 Bitcoin worth over $57.6 billion in total cost.
- Funding came primarily from record sales of STRC preferred stock.
Corporate demand for Bitcoin continues to accelerate as Strategy expands its already massive crypto treasury. The firm, led by longtime Bitcoin advocate Michael Saylor, purchased another 22,337 Bitcoin last week, pushing its total holdings above 760,000 BTC.
The acquisition, disclosed in a filing with the U.S. Securities and Exchange Commission, cost approximately $1.57 billion and ranks among the company’s largest Bitcoin purchases to date.
The move reinforces Strategy’s position as the world’s largest public holder of Bitcoin and signals that its aggressive accumulation strategy remains firmly in place.
One of Strategy’s Largest Bitcoin Purchases
Strategy acquired the 22,337 BTC at an average price of roughly $70,194 per coin. The price paid sits below the company’s overall average acquisition cost of about $75,696 per Bitcoin.
Following the latest purchase, Strategy now holds approximately 761,068 BTC, accumulated at a total cost of roughly $57.61 billion.
The company had already made a major purchase the previous week, buying nearly 18,000 BTC for $1.28 billion. Together, the two transactions represent one of the most aggressive accumulation phases in Strategy’s history.
STRC Preferred Stock Fuels Bitcoin Buying Spree
The latest Bitcoin acquisition was largely funded through the sale of Strategy’s perpetual preferred stock known as STRC. The company recently loosened its rules around stock sales, allowing greater flexibility in raising capital for Bitcoin purchases.
During the past week, Strategy sold approximately 11.9 million STRC shares, raising about $1.18 billion. These proceeds accounted for roughly three-quarters of the total funds used for the Bitcoin buy.
In addition, the company sold 2.8 million Class A shares, generating another $396 million. Together, these equity sales provided the financial firepower needed to support the multi-billion-dollar Bitcoin acquisition.
Market observers noted that STRC trading activity reached record levels during the week, highlighting strong investor demand for the company’s preferred equity offering.
Strategy Moves Closer to the 1 Million BTC Milestone
With more than 761,000 Bitcoin now on its balance sheet, Strategy is edging closer to an extraordinary milestone: holding 1 million BTC.
To reach that level, the company would need to accumulate another 238,932 BTC. Achieving that goal by the end of 2026 would require average purchases of roughly 5,700 Bitcoin per week for the rest of the year.
Also Read: Crypto ETPs Attract $1.06B as Bitcoin and Ethereum Lead Market Recovery
While such a pace would be ambitious, Strategy’s recent buying spree suggests the firm remains committed to its long-term Bitcoin treasury strategy.
Strategy’s latest $1.57 billion Bitcoin purchase underscores the company’s unwavering conviction in the cryptocurrency’s long-term value. By leveraging capital markets through preferred stock sales, the firm continues to expand its holdings at an aggressive pace.
If this strategy continues, Strategy could further solidify its role as the most influential corporate Bitcoin holder in the world.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
