Key Highlights
Strategy purchased 34,164 bitcoin worth $2.54 billion in its third-largest acquisition to date.
The company paid an average of $74,395 per bitcoin, expanding its total reserves to 815,061 BTC.
Strategy’s cumulative bitcoin investment now totals approximately $61.56 billion with an average entry price of $75,527 per coin.
Funding came from $366 million in common stock offerings and $2.2 million from perpetual preferred stock (STRC) sales.
MSTR shares dropped more than 2.5% in pre-market trading and are down 48% year-over-year.
Strategy executed another substantial bitcoin acquisition last week, adding 34,164 BTC to its corporate treasury for approximately $2.54 billion. This transaction represents the company’s third-largest single bitcoin purchase in history.
The purchase details were revealed through a Monday regulatory filing. The company acquired the digital asset at an average price of $74,395 per bitcoin.
This latest acquisition pushes Strategy’s total bitcoin reserves to 815,061 BTC. The firm has invested roughly $61.56 billion to accumulate this position, reflecting an average purchase price of $75,527 per bitcoin.
Strategy Inc, MSTR
Given that bitcoin was hovering around $75,000 when the filing was submitted, Strategy’s entire bitcoin position sits near breakeven.
The corporation has been accumulating bitcoin since 2020, following a strategic shift from its traditional software operations toward holding BTC as its principal treasury reserve asset. Strategy maintains its position as the world’s largest publicly traded company by bitcoin holdings.
Financing Strategy for the Acquisition
The recent bitcoin purchase wasn’t entirely funded from existing cash reserves. Strategy generated $366 million by issuing common stock and secured another $2.2 million through sales of its perpetual preferred shares, branded as Stretch (STRC).
This equity-based financing model—issuing shares to acquire bitcoin—has become Strategy’s signature approach. It enables continuous bitcoin accumulation while avoiding conventional debt instruments.
STRC shares edged up 0.12% after the announcement, while MSTR stock declined over 2.5% during Monday’s pre-market session.
Market Response to MSTR Stock
Despite the magnitude of this bitcoin acquisition, investor response was subdued and marginally bearish.
MSTR was valued at $166.52 per share when the filing was released. The stock experienced a surge of more than 10% on April 17 following reports that the company had reached breakeven on its bitcoin portfolio.
However, this recent rally hasn’t offset the substantial losses accumulated over a longer timeframe. MSTR has declined 48% over the trailing twelve months.
The equity’s valuation remains tightly correlated with bitcoin’s price movements. MSTR typically exhibits amplified volatility in both directions relative to BTC price changes.
Strategy’s suite of preferred stock instruments, including STRC and STRD, has provided the company with flexible capital-raising mechanisms. STRD gained 0.53% following Monday’s announcement.
STRF, another preferred equity instrument, retreated 0.28% during the same period.
Strategy now controls more than 815,000 bitcoin. At a $75,000 per BTC valuation, this holding represents approximately $61.1 billion in market value.
Bitcoin was trading near $75,000 at the time of Monday’s regulatory disclosure, positioning Strategy’s complete bitcoin portfolio at essentially breakeven relative to its average cost basis of $75,527 per coin.
