Key Takeaways
How does Strategy finance its Bitcoin purchases?
The purchases will be financed through at-market (ATM) sales of its perpetual preferred shares (STRK, STRF, STRD, STRC) and its broader “42/42” share plan.
How did the market react to Strategy’s purchases?
MSTR shares traded at $296.61, up 2.33%, while Bitcoin was trading at $107,792.91 after falling 3.14% in 24 hours.
Bitcoin [BTC] Treasury giant Strategy (formerly MicroStrategy) continues its aggressive accumulation strategy despite market volatility.
Last week the company bought 168 BTC for approximately $18.8 million at an average price of $112,051 per coin. This purchase was made following the market sell-off caused by the Black Friday crypto crash on October 10.
The company completed the acquisition between October 13 and 14. The result is Strategy now holds a total of 640,418 BTC.
And the average cost for all purchases is $74,010 per BTC.
The financing tactics of strategy
Strategy funded its latest Bitcoin acquisitions using proceeds from the at-market (ATM) sale of its perpetual preferred stock, STRK, STRF and STRD.
The company’s ATM programs include $21 billion for STRK, $4.2 billion for STRF and $4.2 billion for STRD, in addition to $2.1 billion for STRC, complementing the broader ’42/42′ plan.
Expanded from the original “21/21” strategy, the initiative aims to raise a total of $84 billion in equity issuances and convertible bonds for Bitcoin purchases through 2027. This reflects Strategy’s commitment to long-term accumulation.
The announcement coincided with Strategy’s MSTR stock trading at $296.61, marking a gain of 2.33% according to Google Finance.
The strategy’s increasing confidence in Bitcoin
While critics like gold advocate Peter Schiff question the timing and average purchase price, Strategy remains a benchmark for Bitcoin’s institutional adoption.
In addition, data from BitBo shows The company owns 640,031 BTC, worth approximately $71.84 billion, making it the largest corporate Bitcoin holder in the world.
Finally, CoinGecko’s Bitcoin Treasury Holdings data continues confirms the company’s leading position, highlighting its role as a pioneer in integrating Bitcoin into corporate reserves.