Strategy, the company formerly known as MicroStrategy, has once again bolstered its Bitcoin holdings. They revealed in a recent filing with the Securities and Exchange Commission that last week they snapped up approximately 3,450 Bitcoin, valued at $286 million.
Marking their third Monday in a row of Bitcoin purchase announcements, the Virginia-based firm shared that they now possess a whopping 531,644 Bitcoin. At current prices, this digital treasure trove is worth a staggering $45.2 billion. Strategy also disclosed that they paid an average of $82,600 per Bitcoin for last week’s acquisition.
As Strategy continues its transformation from a software developer into a leading Bitcoin treasury, the company also announced financial moves on the stock side. They revealed the sale of one million Class A common shares through an “at-the-money” offering program which was initially launched in October. Under this initiative, Strategy retains the capacity to issue an additional $2 billion worth of common shares, along with a significant amount of preferred perpetual stock.
Investors seemed to react positively to the news as Strategy’s stock saw a 4% increase on Monday, reaching around $312. This coincided with a broader tech rally, with the tech-heavy Nasdaq jumping 1.5%, further extending its recovery from the previous week. This upward trend followed the White House’s statement clarifying that smartphones and computers would be exempt from sweeping tariffs, including potential 125% taxes on Chinese goods, according to reports from Nasdaq.
Monday’s stock market activity signifies a dramatic shift from the uncertainty investors faced just last week. This period of unease included Strategy’s own disclosure that they might, under certain circumstances, need to sell Bitcoin to meet their financial obligations. Amidst tariff-related worries, Strategy’s shares had previously dipped as low as $236, roughly 32% below their Monday opening price.
Adding his take on the tariff situation, Strategy co-founder and Executive Chairman Michael Saylor posted on X (formerly Twitter) on Sunday, “No Tariffs on Orange Dots.” He was playfully referencing how Bitcoin purchases are visually represented on Saylor Tracker, a platform monitoring Strategy’s Bitcoin holdings.
Turning to Bitcoin’s price, it was recently trading hands around $85 on Monday, marking an approximate 8.3% increase over the past week, according to CoinGecko data. Looking at the bigger picture, though, its price movement over the last month has been nearly flat.
Since initiating its Bitcoin accumulation strategy in 2020, Strategy has solidified its position as the world’s largest corporate Bitcoin holder. Embracing its identity as a Bitcoin treasury firm, Strategy has strategically utilized billions of dollars in debt financing to acquire even more Bitcoin than would have otherwise been possible.
The Nasdaq-listed company’s impressive 531,600 Bitcoin dwarfs the holdings of the next largest corporate Bitcoin owner, Bitcoin miner Marathon Digital, which holds around 47,500 Bitcoin, as per Bitcoin Treasures data. Currently, Strategy’s substantial stash accounts for over 2.5% of Bitcoin’s total supply.
Adding to the corporate Bitcoin narrative, Tokyo-based investment firm Metaplanet, a relative newcomer to Bitcoin investing since May of last year, announced on X Monday that it had recently purchased 319 Bitcoin worth $27 million. In their update, the company stated they now hold a total of 4,525 Bitcoin valued at approximately $385 million.
Currently, among publicly traded companies, MetaPlanet ranks as the 10th largest Bitcoin holder, according to Bitcoin Treasuries.
Edited by James Rubin
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