Strategy’s Bitcoin Holdings Now Worth $69 Billion After Latest Buy
Strategy, previously known as MicroStrategy, has expanded its already massive Bitcoin holdings. According to a recent SEC filing, the company acquired an additional 4,048 bitcoins for $449 million. That takes its total to 636,505 BTC, each bought at an average price of $73,765. At today’s prices, that pile is now worth more than $69 billion. It also means Strategy controls a little over three percent of the entire Bitcoin supply.
STRC Dividend Climbs to 10 Percent
Alongside the Bitcoin update, Strategy also increased the dividend for its STRC preferred stock. The annual rate now sits at 10 percent. STRC is part of a group of preferred shares that Strategy has issued to attract long-term capital. The rate change lines up with the company’s broader financial approach, giving investors a clearer sense of what to expect going forward.
Strategy’s average cost for this purchase was $110,981 bringing the total to $449,300,000 worth of Bitcoin.
To fund this latest purchase, Strategy tapped the capital markets. It raised $425 million by selling common shares and preferred stock. This playbook has become a familiar one for Strategy. By leaning into equity offerings, the company keeps adding to its Bitcoin stack without touching its operational cash flow.
With over 636,000 coins locked in, Strategy sits among the top holders of Bitcoin globally. That figure includes everything it has bought since it first started accumulating BTC in 2020. Its stock is closely tied to this strategy, with tools like STRC helping bring in more funding. Investors know what they’re signing up for: a company with a laser focus on stacking Bitcoin.
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Turning Equity Into Bitcoin
Strategy’s business model revolves around converting its market value into Bitcoin holdings. It does this by issuing stock, raising capital, and converting that capital into BTC. Preferred shares like STRC help smooth that process. This approach gives the company a steady path to grow its treasury while creating financial products that appeal to different investor types.
Strategy’s success depends heavily on Bitcoin’s price. The model works best when BTC holds strong or climbs over time.As long as the market stays in good shape, the company can keep cycling capital into more purchases. Its whole structure is built on that assumption, which makes it a high-conviction bet on Bitcoin’s future growth.
Watching What Comes Next
As things stand, Strategy’s moves continue to draw attention. Its bold playbook has helped shape the narrative around corporate Bitcoin adoption. The question now is how long this pace can continue, and how much further the company can go before others try to follow its lead.