Strategy’s Latest Bitcoin Acquisition: A Deep Dive
- Strategy recently acquired 10,624 BTC, marking one of its largest weekly purchases in months.
- This aggressive buying spree follows smaller, more frequent additions and signals continued confidence in Bitcoin.
- The company now holds a substantial 660,624 BTC, with an average acquisition price of $70,624 per coin.
- Strategy continues to leverage MSTR common stock sales to finance these Bitcoin purchases.
- Despite market fluctuations, Strategy’s net asset value (mNAV) now exceeds its market capitalization, suggesting the Bitcoin holdings are a significant value driver.
Strategy’s Significant Bitcoin Purchase Bolsters Holdings
Strategy has once again demonstrated its commitment to Bitcoin by announcing one of its largest weekly BTC acquisitions in recent months. The company added a substantial 10,624 BTC to its reserves. This significant purchase follows a period of smaller, more frequent acquisitions, indicating a potential shift in strategy or confidence in current market conditions.
The decision to acquire such a large quantity of Bitcoin was foreshadowed by Executive Chairman Michael Saylor, who had previously hinted at an upcoming purchase. This consistent buying strategy has become a hallmark of Strategy’s approach to treasury management, reinforcing its playbook’s viability in the volatile cryptocurrency market.
💡 Tip: HODLing or holding onto Bitcoin long-term is a strategy many institutional investors like Strategy are employing. This approach aims to benefit from potential future price appreciation, viewing Bitcoin as a digital store of value similar to gold.
With this latest acquisition, Strategy’s total Bitcoin holdings have reached an impressive 660,624 BTC. The average purchase price across all these acquisitions stands at approximately $70,624 per Bitcoin, reflecting a significant investment over time. This substantial accumulation positions Strategy as one of the largest corporate holders of Bitcoin globally.
Strategy has acquired 10,624 BTC for ~$962.7 million at ~$90,615 per bitcoin and has achieved BTC Yield of 24.7% YTD 2025. As of 12/7/2025, we hodl 660,624 $BTC acquired for ~$49.35 billion at ~$74,696 per bitcoin. $MSTR $STRC $STRK $STRF $STRD $STREhttps://t.co/4rCL87nbYk
— Strategy (@Strategy) December 8, 2025
Impact of Recent Bitcoin Purchases on Market Predictions
This significant Bitcoin acquisition by Strategy also had an immediate impact on market sentiment and predictions. The purchase resolved a Polymarket prediction pair concerning whether Strategy would announce a purchase exceeding 1,000 BTC in early December. The odds for this eventuality surged to 99% shortly after the announcement, surprising many who had bet on the ‘No’ token.
For Strategy, this week’s addition represents its most substantial Bitcoin purchase since late July, when the company acquired 21,021 BTC. The recent move follows a modest purchase of only 130 BTC the previous week and a prior week with no additional Bitcoin acquisitions. Despite the large purchase, the price of Bitcoin remained relatively stable, trading within its typical range around $91,527.31 following the news.
📍 Insight: The sheer scale of Strategy’s Bitcoin holdings means its purchasing decisions can influence broader market sentiment. While this purchase didn’t cause a major price surge, it reinforces the presence of significant institutional demand for Bitcoin.
As of the latest reports, Bitcoin treasuries now collectively hold approximately 4.02 million BTC. This figure includes holdings from strategic buyers, passive treasuries, and smaller, incidental purchases. To be recognized among the top 100 Bitcoin treasuries, companies now need to hold at least 125 BTC, highlighting the growing concentration of Bitcoin among major entities.
Strategy Continues MSTR Stock Issuance to Fund Bitcoin Accumulation
Strategy’s Financial Strategy: Issuing MSTR for Bitcoin
Even with Bitcoin trading within its current price range, Strategy has continued to issue its MSTR common stock. The company has raised a total of $928.1 million through these stock sales. These proceeds are primarily utilized to facilitate further Bitcoin acquisitions, demonstrating a clear synergy between its equity and digital asset strategies.
The funding for these recent purchases has also involved STRD, a junior preferred stock offering a notable 10% dividend. STRD is considered a higher-risk common stock due to its attractive dividend yield. Following Strategy’s latest Bitcoin acquisition, STRD was trading around $79.30, positioning itself within the typical price range observed since its launch in June.
✅ Analysis: Strategy’s persistent issuance of MSTR stock, even when the share price is under pressure, indicates a strong conviction in its Bitcoin strategy. This approach allows them to consistently deploy capital into Bitcoin, regardless of short-term market volatility in their stock.
Strategy deployed the entirety of the proceeds from its latest stock issuance, totaling $963 million (excluding fees), into this ambitious weekly Bitcoin acquisition. Notably, the company did not allocate any funds from its substantial $1.44 billion fiat reserve. This reserve is designated to cover approximately two years of dividend payments, providing a financial cushion.
Instead, Strategy focused on capitalizing on what is perceived as a dip—acquiring Bitcoin at a more favorable price point. While this strategy aligns well with a bullish Bitcoin market, it also serves to buy time on the company’s financial obligations. The Bitcoin held within its treasury is not intended for dividend payments, and there are no immediate Bitcoin-backed loans due.
MSTR Stock Performance and Future Outlook
MSTR Stock Trades Near a One-Month Low Amidst Sell-Off
The latest issuance of Strategy’s common stock occurred despite a recent slump in MSTR’s share price. MSTR shares were trading around $178, having recovered from lows below $160. This trading activity occurred even as the company proceeded with issuing new shares, a move that can typically lead to dilution and put downward pressure on the stock price.
Previously, Strategy had indicated a reluctance to issue MSTR shares at lower price points. However, it appears the company has not significantly adjusted its playbook regarding common stock dilution, even amidst unfavorable market conditions for its stock. MSTR stock faces a critical juncture with a decision on its inclusion in the MSCI index scheduled for January 15.
📊 Data Point: Strategy’s current net asset value (mNAV) relative to its market capitalization stands at 0.89. This metric indicates that the value of the Bitcoin held in its treasury is now greater than the company’s overall market valuation, highlighting the significant impact of its crypto holdings on its financial standing.
Following the MSCI index decision, the MSTR stock price could potentially decline further due to institutional selling pressure. This valuation gap suggests that the market may not be fully pricing in the value of Strategy’s substantial Bitcoin reserves, presenting a potential opportunity for investors who believe in the long-term prospects of Bitcoin.
Frequently Asked Questions about Strategy’s Bitcoin Holdings
What is Strategy’s current Bitcoin holding?
Strategy currently holds an impressive 660,624 BTC. This substantial amount has been accumulated through a consistent buying strategy over time.
How does Strategy finance its Bitcoin purchases?
Strategy primarily finances its Bitcoin acquisitions by issuing MSTR common stock and, more recently, through preferred stocks like STRD. These sales generate the capital needed to purchase Bitcoin.
What is the average purchase price of Strategy’s Bitcoin?
The average purchase price for Strategy’s Bitcoin holdings is approximately $70,624 per coin, reflecting the total cost across all its acquisitions.
Has Strategy ever sold Bitcoin?
Based on available information, Strategy has not sold any of its Bitcoin holdings, viewing them as a long-term store of value. The Bitcoin in its treasury is not used for dividend payments.
What is Strategy’s net asset value (mNAV) relative to market capitalization?
Strategy’s mNAV is currently at 0.89 relative to its market capitalization. This means the value of its Bitcoin holdings is higher than its stock market valuation.
Conclusion: Strategy’s Enduring Bitcoin Commitment
Strategy’s latest significant Bitcoin acquisition underscores its unwavering commitment to accumulating the cryptocurrency as a primary treasury reserve asset. Despite market fluctuations and the complexities of its stock issuance strategy, the company continues to expand its Bitcoin holdings, reinforcing its position as a major institutional player in the digital asset space.
The company’s financial maneuverings, including the issuance of MSTR stock and the strategic deployment of capital, highlight a long-term vision centered on Bitcoin’s potential as a store of value. As Strategy’s Bitcoin treasury continues to grow, its influence on the broader cryptocurrency market and its own corporate valuation remains a key area to watch.
The divergence between Strategy’s mNAV and its market cap suggests that the market may be undervaluing its substantial Bitcoin holdings. This situation could present an interesting dynamic for investors and analysts observing the intersection of traditional corporate finance and the burgeoning digital asset economy.
