Strategy Boosts Bitcoin Holdings to 628,946 BTC in $18M Buy
Strategy, formerly MicroStrategy, has expanded its Bitcoin holdings to 628,946 BTC by purchasing an additional 155 BTC for $18 million. This acquisition increases its Bitcoin holdings and underscores the firm’s ongoing strategy to expand crypto assets. The buy was funded via its Strife (STRF) and Stretch (STRC) preferred stock programs under the “42/42” capital-raising plan. Since its first purchase in 2020, Strategy’s average cost per Bitcoin is $73,288, while the latest tranche averaged $116,401. The total Bitcoin investment now values about $76 billion, yielding roughly $30 billion in unrealized gains. In Q2, new accounting rules enabled a record $10 billion net profit, driven by $14 billion in unrealized gains. Strategy’s disciplined at-the-market stock and convertible debt model supports its Bitcoin treasury expansion. Controlling nearly 3% of Bitcoin’s 21 million supply, Strategy remains ahead in the corporate Bitcoin arms race. Traders may view this continued accumulation as a bullish signal for Bitcoin price support in both the short and long term.
Bullish
Strategy’s continued corporate buy increases Bitcoin holdings via preferred stock financing, underscoring strong demand against limited supply. In the short term, steady accumulation by a high-profile buyer can boost market sentiment and create price support as traders anticipate reduced sell pressure. Over the long term, the firm’s disciplined capital-raising model and sizable unrealized gains demonstrate financial resilience, reinforcing confidence in Bitcoin’s adoption as a treasury asset. Historical corporate buying sprees have preceded sustained rallies, suggesting a bullish outlook. Combined with record Q2 net profit, this news is likely to drive renewed investor interest and support higher Bitcoin prices.