Billionaire Michael Saylor's Strategy Acquires 13,627 Bitcoin for $1.25 Billion

In a recent regulatory filing, Strategy revealed that it acquired an additional 13,627 Bitcoin (BTC) between January 5 and January 11, spending about $1.25 billion at an average price of $91,519 per BTC. This move solidifies the firm's status as the largest corporate Bitcoin holder in the world and demonstrates its ongoing strategy to accumulate cryptocurrency through capital market activities. As of January 11, the company’s total Bitcoin holdings reached 687,410 BTC, valued at approximately $51.80 billion.

Key Takeaways

Strategy purchased an additional 13,627 Bitcoin for $1.25 billion between January 5 and January 11.
The company now holds a total of 687,410 BTC, making it the largest corporate holder of Bitcoin globally.
The purchases were financed through equity and preferred stock issuances.
Strategy maintains a strong capital structure, allowing for ongoing Bitcoin accumulation.
The approach underscores Strategy's commitment to Bitcoin as a long-term treasury asset.

Michael Saylor Joins Bloomberg Billionaires as Net Worth Tops $7.3B

Total Holdings Reach 687,410 BTC

As of January 11, Strategy reported a total of 687,410 BTC, which were acquired at a total cost of around $51.80 billion. This results in an average purchase price of $75,353 per Bitcoin, highlighting the company's substantial investment in this digital asset.

Screenshot of Bitcoin Holdings

Despite recent price fluctuations for Bitcoin and a broader decline in digital asset investment products, Strategy’s decision to acquire more BTC reflects its unwavering belief in Bitcoin as a long-term reserve asset.

Purchases Funded Through Equity and Preferred Stock Issuance

The filing details that the Bitcoin acquisitions were funded through equity raised from sales of shares under the company’s at-the-market (ATM) programs, which included both common and preferred stock.

During this period, Strategy sold 1,192,262 shares of STRC, its Variable Rate Series A Perpetual Stretch Preferred Stock, for net proceeds of $119.1 million. Additionally, it sold 6,827,695 shares of MSTR Class A common stock, generating net proceeds of $1.13 billion.

No shares were sold from other preferred stock offerings, including STRF, STRK, and STRD, though there remains significant capacity for issuance across these instruments.

Capital Structure Supports Ongoing Bitcoin Accumulation

By January 11, Strategy had a considerable remaining capacity for further issuances—over $20.3 billion under STRK, $4.0 billion under STRD, $3.9 billion under STRC, and $1.6 billion under STRF. The company also has more than $10.2 billion available under its MSTR common stock program.

This robust capital structure enables Strategy to continue acquiring Bitcoin opportunistically while diversifying its financing through common equity and various layers of preferred stock.

A Long-Term Bitcoin Treasury Strategy

Strategy's recent updates reinforce its commitment to Bitcoin as a fundamental asset in its financial strategy. Although the average acquisition price is considerably lower than recent market peaks, the company’s aggressive accumulation highlights its readiness to invest substantial capital, irrespective of short-term price fluctuations.

With approximately 700,000 BTC now in its possession, Strategy has established one of the most highly concentrated institutional representations of long-term Bitcoin exposure in the global market.