Strategy Buys 655 BTC, Bolsters Bitcoin Amid Stock Slide
In two recent SEC filings, Strategy increased its Bitcoin treasury with two purchases: 168 BTC at an average $112,051 for $18.8 M and 487 BTC at $102,557 each for $49.9 M. These buys total 655 BTC and lift reserves to 641,692 BTC, worth about $68 B. Since 2020, Strategy has invested $47.5 B at an average cost of $74,079 per BTC, netting $20.5 B in unrealized profit. Both transactions were funded by perpetual preferred shares under the “42/42” plan, which aims to raise $84 B by 2027 via equity and convertible debt. Despite strong institutional adoption of Bitcoin and continued corporate buying, Strategy’s stock has slid 47% from its peak this year. Continued BTC accumulation underscores long-term confidence in Bitcoin and could bolster market stability and price in both the short and long term.
Bullish
Strategy’s continued Bitcoin purchases, funded by its perpetual preferred share program, signal robust institutional demand. Adding 655 BTC in two SEC filings demonstrates the firm’s commitment to its treasury strategy despite a 47% stock slide. Historically, sustained corporate accumulation supports Bitcoin price momentum. In the short term, new buy orders may tighten supply and lift price. Over the long term, a structured “42/42” plan to raise $84 B by 2027 underpins further BTC acquisition, reinforcing bullish fundamentals for Bitcoin.