Strategy buys 10,645 BTC for $980M, raising holdings to 671,268 BTC
Strategy purchased 10,645 BTC for about $980.3 million, paying an average of $92,098 per coin, the company said in an SEC filing. The acquisition was funded mainly through the firm’s ATM programme — largely proceeds from selling MicroStrategy (MSTR) common stock and additional sales of preferred share classes (STRF, STRD, STRK). After the buy, Strategy holds 671,268 BTC acquired at an average cost near $74,972 per coin (total cost ~ $50 billion). The filing also reports a BTC yield of 24.9% year-to-date 2025. This transaction updates and slightly increases prior reported figures (previously 10,624–10,645 BTC and ~660–671k total holdings), underscoring continued institutional accumulation of bitcoin and the recurring use of equity-for-crypto financing. For traders: the deal tightens available supply, signals sustained institutional demand and reaffirms the company’s treasury strategy — factors that can support Bitcoin price strength in the medium term. Primary keywords: Strategy Bitcoin purchase, BTC acquisition, institutional BTC accumulation, ATM share sales, MSTR funding.
Bullish
This purchase is bullish for BTC because it reflects continued large-scale institutional accumulation and reduces available supply in the market. Strategy’s use of ATM programmes and equity sales to fund purchases demonstrates a repeatable financing mechanism that can sustain further buys. Short-term impact: modest upward pressure as the market prices in reduced floating supply and signals that a major holder increased allocation. Volatility may still occur around equity issuance news or broader macro factors. Medium- to long-term impact: more constructive — consistent, substantial buybacks by a corporatesized holder historically support price discovery and limit downside, especially when buys are funded by equity rather than liquidating other crypto holdings. Risks that could temper the bullish view include large, unexpected sell-offs of equity that spook markets or macro shocks that reduce risk appetite. Overall, the balance of factors points to a net positive price influence on BTC.