Michael Saylor’s MSTR Buys $835M of Bitcoin, Adds 8,178 BTC
Michael Saylor’s Strategy (MSTR) returned to large-scale Bitcoin buys last week. In this Bitcoin buy cycle, MSTR buys Bitcoin worth $835.6 million, acquiring 8,178 BTC at an average price of $102,171 per coin. This Bitcoin buy was funded through preferred stock issuance, with $715 million raised via the STRE series and $131.4 million via STRC. MSTR’s total holdings now stand at 649,870 BTC acquired for about $48.37 billion in total, at an average cost of $74,433 each.
The firm had largely paused large Bitcoin purchases after its stock fell 56% over four months, making common share issuance dilutive. Trading at $199 on Monday, MSTR’s enterprise value is now marginally above its Bitcoin holdings. Bitcoin is trading near $94,500. Strategy’s return to significant Bitcoin buys underscores ongoing institutional demand and the use of preferred stock as an alternative funding tool. Even amid volatility, MSTR buys Bitcoin to bolster its crypto treasury.
Bullish
This news is bullish. MSTR’s sizeable Bitcoin purchase via preferred stock issuance underscores strong institutional confidence and commitment to Bitcoin. Historically, MicroStrategy’s large BTC buys have coincided with or preceded market upswings, offering a price floor and supporting investor sentiment. In the short term, this may stabilize Bitcoin prices as traders view MSTR’s buying as demand. Long term, continued institutional acquisitions signal sustained demand, potentially driving future price appreciation.