Strategy Expands Bitcoin Holdings By Nearly $1 Billion
Key Takeaways
- Bitcoin treasury firm Strategy announced the purchase of 10,624 BTC for $962.7 million on Monday, bringing its total holdings to 660,624 BTC, valued at approximately $60.5 billion. This marked the company’s largest buy since July, and the first since a two-week hiatus following a period of high market volatility.
- Strategy raised $963 million from the sale of 5.13 million MSTR shares and 422,536 shares of its STRD preferred to fund its latest bitcoin purchase, made at an average cost of $90,615 per BTC. It also reported 24.7% YoY growth in its bitcoin yield per share.
- MSTR has been negatively impacted by the bitcoin and crypto market’s recent decline, with its price plummeting by over 60% in the past six months, going from $400 in July to under $155 at the beginning of December.
- Strategy chairman Michael Saylor has dismissed claims that the company could sell BTC holdings to support its stock value. At the Bitcoin MENA conference in Abu Dhabi, he mentioned ongoing discussions with banks, hedge funds, sovereign wealth funds, and family offices in the Middle East on bitcoin and capital markets.
Michael Saylor founded software intelligence and Bitcoin treasury firm Strategy (formerly MicroStrategy) has made one of its largest bitcoin purchases of the year after acquiring 10,624 BTC for approximately $962.7 million.
This brings the world’s largest corporate Bitcoin treasury company’s total holdings to 660,624 BTC, and comes amid a 60% decline in the price of its common stock, MSTR, over the past six months.
Strategy Buys 10,624 BTC for $963 Million, Taking Total Holdings Past 660,000 Bitcoins
Strategy’s latest bitcoin buy was funded through the at-the-market sale of 5.13 million MSTR shares for $928.1 million, and an additional $34.9 million was raised from selling 442,536 shares of its STRD (Stride) preferred stock, generating $963 million in net proceeds. According to a statement filed with the U.S. Securities and Exchange Commission (SEC) on Monday, the 10,624 BTC was bought between December 1 and December 7 at an average price of $90,615 per coin.
Meanwhile, the company’s stockpile of 660,624 coins, worth approximately $60.5 billion, was acquired at an average cost basis of $74,696 per BTC for a total of $49.35 billion. Its reserves represent 3% of bitcoin’s total circulating supply of 19.95 million coins as of December 9, 2025.
The company also reported a 24.7% yield on its bitcoin investments year to date. This metric reflects the growth in the BTC held per diluted MSTR share, rather than changes in dollar value. It has become a core part of the company’s investor messaging and its focus on positioning itself as a bitcoin-focused treasury and structured finance business.
Strategy returned to its weekly bitcoin treasury accumulation schedule following a two-week hiatus, completing its largest transaction since July as the market stabilized.
MSTR Stock Price Declines 60%: Saylor Dismisses Rumors of Bitcoin Sales
However, the purchase comes at a time when its shares have plummeted nearly 60% over the past six months, going from $400 to hit a yearly low of about $155 on December 1, which was triggered by a massive panic sell-off event across the market the previous week. MSTR has since bounced back from those levels, hitting $182.74 during Monday’s pre-market session.
While Strategy continued to buy BTC nearly every week in recent months, these purchases have generally been rather small – largely due to worsening market conditions constraining the company’s ability to raise cash. Despite the struggles, Strategy managed to raise $1.44 billion from common stock sales to establish a U.S. dollar reserve to cover dividend payments for the next 12 to 21 months.
Michael Saylor, the founder and executive chairman of Strategy, has doubled down on the firm’s “Bitcoin maxi” strategy, dismissing the idea of offloading assets to fund its debt and dividend obligations, which don’t mature until the end of 2027. This year, the company introduced several BTC-backed preferred and structured offerings – STRK (Strike), STRF (Strife), STRC (Stretch), STRE (Stream), and STRD – which Saylor believes will be a game-changer for the global credit market.
Strategy retains significant remaining issuance capacity across its securities, with the firm reporting unused ATM capacity of about $13.45 billion in MSTR and more than $26 billion across its perpetual preferred shares. However, it faces increasing competition from major banking institutions such as JPMorgan and Morgan Stanley, which have announced plans to launch bitcoin-based credit instruments in 2026. These products would provide controlled institutional exposure to BTC with capped upside – a much more direct challenge to Strategy’s position as the go-to corporate vehicle for exposure to the world’s largest cryptocurrency by market capitalization.
On the same day Strategy announced its $962.7 million bitcoin purchase, Saylor attended the Bitcoin MENA Conference in Abu Dhabi. During a fireside chat with Metaplanet CEO Simon Gerovich, the billionaire said he has been meeting with sovereign wealth funds, banks, family offices, and hedge funds across the Middle East to discuss bitcoin and capital markets.
At the time of writing, Bitcoin (BTC) is trading at $90,969 – down 1.57% in 24 hours.
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