Strategy (formerly micro strategy) expanded its bitcoin interests by purchasing 196 BTC for $ 22.1 million at an average price of $ 113,048 per coin, according to one submit With the US Securities and Exchange Commission (SEC) of September 29.
According to that of the company dashboardThis acquisition is marking this year on two Naste purchase, after the 130 BTC in March and 154.64 BTC in August.
These incremental additions have increased the total Bitcoin reserve of the strategy to 649,031 BTC, which represents 3% of the total BTC delivery and is the largest BTC holder of companies.
In the meantime, the company has spent around $ 47.35 billion in its position at an average cost of $ 73,983 per coin. With Bitcoin trade higher at more than $ 110,000, that stock is now worth $ 72.67 billion, which translates into a non -realized profit margin of 53.47%.
The company revealed that purchases were financed by proceeds from the range of its class A Common Stock (MSTR) and two perpetual preferred stock instruments, STRF and strd.
Strategy confirmed that it had collected $ 128 million by this stock sales, offering liquidity for continuous accumulation.
MSTR Stock Falls
While the company continues to expand its Bitcoin position, his MSTR shares have been under pressure lately.
MSTR has fallen to the lowest level in six months, according to Cryptoquant analyst JA BAARTUN, Die marked The decline on September 29. He noted that the sharp fall up to almost $ 300 reflects both increased volatility and concern of investors.
Google Finance data shows that MSTR in mid-July to $ 455.90 is Gerally, but since then has been withdrawn to around $ 309.06 before 26 September, which resulted in a loss of 32.5% in the past month. The decline contrasts with the performance of Bitcoin, which has risen 22% to date, compared to 11% of MSTR.
The weaker stock performance has pushed the market-adapted net asset value (MNAV) of the strategy to 1.39x, the lowest level registered in 2025.
Still, Strive Chief Risk Officer Jeff Walton assertions The long -term returns of MSTR remain resilient. He pointed out that, even if MNAV parity would fall, MSTR Bitcoin would have pressed more than 2x, because the company followed its Bitcoin-oriented approach.