Strategy, the Business Intelligence company that is previously known as a micro strategy, has strengthened its Bitcoin position with another large purchase.
In a September 2 submit With the US Securities and Exchange Commission (SEC), the company reported that 4,048 BTC was taken over for $ 449.3 million, with an average of $ 110,981 per coin.
The total Bitcoin balance of the move lifts up to 636,505 BTC, obtained at a combined cost of $ 46.95 billion, or approximately $ 73,765 per coin. At the current market prices, that stock is valued at $ 69.24 billion.
According to Bitcoin treasuries factsThe interests of the company now represent just over 3% of the maximum range of Bitcoin, giving the strategy one of the largest business positions in the active.
After this purchase, the strategy announced that the dividend rate had adjusted on its Strc -preferent shares, which increased the annual payment from 9% to 10%. The security, launched in July, is non-convertible and designed to deliver income from variable speed.
‘Reduced leverage’
The newest deal was funded by a mix of common and preferential stock offers.
According to the submission, strategy sold 1.24 million shares of its normal class A shares for $ 425.3 million. The company has collected the $ 46.5 million balance through its preferred share programs, including STRK, STRF and STRD.
This imbalance criticized short -seller James Chanos, who publicly bet the company.
Chanos argued that the serious dependence on ordinary shares suggests that investors remain on their care for the preferred offer, which are structured for income seekers and participants with a higher risk.
He written:
“MSTR continued to reduce leverage in the past week. 90% of its effects sold was of the common equity money machine.”
Despite the Chanos claim, the strategy in 2025 already collected $ 5.6 billion through the first public offer of these effects. The IPOs are particularly good for 12% of all our first public offers this year.
In view of this, the supporters of the strategy continue to claim that there is a considerable demand for these assets in the market.