Strategy (formerly MicroStrategy) continues its aggressive Bitcoin accumulation, adding another 1,045 BTC to its holdings at an average price of $105,426 per coin. This latest purchase, worth approximately $110.2 million, pushes the company’s total Bitcoin treasury to a record 582,000 BTC, acquired at an average cost of $70,086 per coin.
As Bitcoin’s price maintains strength above $107,000, Strategy’s latest move demonstrates unwavering confidence in the leading cryptocurrency’s long-term value proposition.
Strategic Accumulation Approach
The company’s methodical “drip-feed” strategy has become a market fixture, with recent purchases split into smaller tranches to minimize price impact. Over the past two weeks, Strategy acquired nearly 2,000 BTC through this measured approach.
Financing Structure
Rather than diluting existing shareholders through new MSTR issuance, Strategy utilized its STRK and STRF stocks for this purchase:
- STRK contribution: $62.7 million
- STRF contribution: $43.3 million
- Current BTC-to-MSTR ratio: 0.02 BTC per share
Market Impact Analysis
Strategy’s accumulation is creating significant supply pressure in the Bitcoin market:
- Corporate treasuries now hold 3.4 million BTC
- OTC desk inventory down 48% to 123,500 BTC
- Coinbase Prime available BTC: 63,535
Corporate Adoption Landscape
The institutional Bitcoin landscape continues to evolve:
- 26 public companies hold >1,000 BTC
- 7 companies maintain >10,000 BTC
- 124 public companies now include Bitcoin in treasury strategies
- 2,000 whale wallets exceed corporate holdings
Investment Implications
While Strategy’s accumulation strategy creates sustained buying pressure, investors should consider:
- Average purchase price above $70,000 carries significant downside risk
- High interest rate environment adds carrying cost pressure
- Reduced market liquidity could amplify price movements
- Long-term holder behavior suggests growing confidence
Frequently Asked Questions
How much Bitcoin does Strategy now own?
Strategy currently holds 582,000 BTC, acquired at an average price of $70,086 per coin.
What was the purchase price for the latest acquisition?
The latest 1,045 BTC were purchased at approximately $105,426 per Bitcoin.
How does Strategy fund its Bitcoin purchases?
The company uses a combination of STRK and STRF stock offerings rather than diluting MSTR shares.