Strategy Nears 100th Bitcoin Purchase Milestone
Strategy is approaching its 100th Bitcoin acquisition as it continues an aggressive treasury accumulation strategy that began in 2020. The firm now holds over 717,000 BTC despite market volatility.
Strategy is approaching its 100th Bitcoin acquisition as it continues an aggressive treasury accumulation strategy that began in 2020. The firm now holds over 717,000 BTC despite market volatility.
Michael Saylor’s Strategy added $90 million in Bitcoin as prices traded below the company’s average acquisition cost, reinforcing its long-term accumulation approach amid market volatility.
Michael Saylor’s Strategy bought $75.3 million worth of Bitcoin as prices briefly fell below $75,000, marking a rare dip under its average cost basis.
Strategy’s growing reliance on perpetual preferred equity has reduced refinancing risk as it overtakes the firm’s outstanding convertible debt.
Strategy shares recorded their first six-month losing streak since adopting Bitcoin as a treasury asset in 2020, diverging from past drawdown patterns.
Strategy capped an unusually active year of Bitcoin accumulation with a comparatively small December purchase, lifting its total holdings to nearly 673,000 BTC.
Michael Saylor said Strategy has no plans to issue perpetual preferred equity in Japan over the next year, giving Metaplanet time to advance its own digital credit offerings.
Metaplanet is moving forward with a new preferred-equity instrument aimed at expanding its corporate Bitcoin holdings, drawing on a framework pioneered by Strategy’s widely watched STRC stock.
MicroStrategy stock gained as Bitcoin stayed above $92,000 and analyst Tom Lee reiterated his bullish view, adding support to sentiment around the company’s BTC exposure.