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Michael Saylor’s Strategy Expands Bitcoin Holdings with $50 Million Purchase

Bitcoin investment firm Strategy — formerly known as MicroStrategy — has added another 487 BTC to its already massive treasury, spending roughly $49.9 million at an average price of $102,557 per coin, according to a new filing with the U.S. Securities and Exchange Commission.

With this acquisition, Strategy now holds 641,692 BTC, worth approximately $68 billion, bought at an average of $74,079 each. The holdings represent over 3% of Bitcoin’s total 21 million supply, giving the firm about $20.5 billion in unrealized profits at current prices.

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Largest Purchase in Six Weeks

The company funded this latest purchase through the sale of various perpetual preferred stocks, including its Strike (STRK), Strife (STRF), Stride (STRD), and Stretch (STRC) series. These programs are part of Strategy’s ambitious “42/42 Plan,” which aims to raise $84 billion for future Bitcoin acquisitions by 2027.

In addition, Strategy recently revealed plans to issue €715 million worth of its new Stream (STRE) preferred stock, further diversifying its financing methods.

Over the past week, Strategy sold:

  • 50,881 STRK shares for $4.5 million (with $20.3 billion remaining)
  • 165,614 STRF shares for $18.3 million
  • 262,311 STRC shares for $26.2 million
  • 12,800 STRD shares for $1 million

None of its Class A stock (MSTR) was sold during this period, leaving $15.8 billion available under its stock issuance program.

Each preferred stock offers a unique profile:

  • STRD: Non-convertible with a 10% non-cumulative dividend — highest risk-reward.
  • STRK: Convertible with an 8% non-cumulative dividend — allows equity upside.
  • STRF: Non-convertible, 10% cumulative dividend — the most conservative.
  • STRC: Variable-rate, cumulative dividends with adjustable yields to remain near par.

Strategy Leads Corporate Bitcoin Adoption

Data from Bitcoin Treasuries shows that 193 public companies now hold Bitcoin on their balance sheets. Strategy remains the largest, followed by Marathon Digital (MARA), Tether-backed Twenty One, Metaplanet, Bitcoin Standard Treasury Company, Bullish, Riot Platforms, Trump Media, Coinbase, and Hut 8.

However, despite growing adoption, share values of many Bitcoin-holding companies have fallen sharply since summer highs. Strategy’s stock is down 47%, even though its market-to-net asset value (mNAV) remains around 1.02.

Saylor’s Long-Term Vision

Earlier this year, Michael Saylor said that Strategy’s financing structure was designed to endure even a 90% Bitcoin drop lasting several years, crediting its blend of equity, convertible debt, and preferred instruments. Still, he acknowledged that shareholders would “feel the pain” under such conditions.

Last week, the firm also bought 397 BTC for $45.6 million at an average price of $114,771. Saylor teased this latest accumulation on X, posting simply: “₿est Continue.”

At the end of last week, Strategy’s stock closed 2% higher at $241.93, with pre-market trading showing a further 2.8% increase. Year-to-date, the stock remains down 19.4%, while Bitcoin itself is up 13.8% in 2025.

Simonas Brazionis

Blockchain Expert

Simonas is a crypto and blockchain expert with 6 years of experience. Passionate about the industry he educates others on blockchain technology, and continuously expands his knowledge. He has helped many newcomers understand crypto, navigate investments, and stay informed about trends like DeFi and NFTs.