Strategy (MSTR), the largest publicly traded corporate holder of bitcoin, returned to large-scale accumulation last week after a stretch of smaller, incremental buys. The company added 10,624 BTC to its treasury, spending $962.7 million at an average purchase price of $90,615.
To finance the move, Strategy tapped the equity markets once again, raising $928.1 million through common-stock sales and an additional $34.9 million via the issuance of STRD preferred shares.
The firm now controls 660,624 BTC in total, acquired for $49.35 billion at an average cost basis of $74,696 per coin.
Bitcoin itself ticked higher, rising 3% over the past 24 hours to trade near $94,000.
MSTR shares have been volatile. After plunging to roughly $155 on Dec. 1 amid a widespread crypto selloff, the stock rebounded throughout the week. It is up 2.1% in premarket trading Monday at $182.74, though still down more than 50% over the past six months.
While Strategy has kept up weekly bitcoin purchases, most had been modest recently due to tougher market conditions that limited how much capital the company could raise. Despite the prolonged slump in its share price, the firm has leaned heavily on stock issuance—raising roughly $2 billion two weeks ago to reinforce its cash position for preferred-dividend payments, and another $1 billion last week to extend its BTC accumulation strategy.
Executive Chairman Michael Saylor, speaking at the BTC Conference in Abu Dhabi, noted that he has spent the week meeting with sovereign wealth funds, banks, family offices and hedge funds across the Middle East.
