The strategy added 34,164 bitcoin to its treasury last week, spending nearly $2.54 billion in the largest single purchase in its history, according to an official filing Monday.
The purchase was made at an average price of 74,395 dollars per bitcoin and brings the total value of the company to 815,061 BTC. The strategy has now spent approximately $61.56 billion in bitcoin acquisitions on the basis of an average cost of $75,527 per coin. This is the third largest purchase of bitcoin.
With bitcoin trading near $75,000, the company’s position is close to its combined purchase price, leaving the holding close to breakeven—even after recent market volatility.
The strategy surpassed BlackRock in total bitcoin value with this latest purchase. The firm led by Michael Saylor now holds 815,061 BTC, surpassing BlackRock’s 802,823 BTC, which is mainly held through its bitcoin ETF products.
The latest purchase marks the company’s third-largest acquisition on record and its aggressive accumulation since late 2024. The strategy remains the largest holder of publicly traded bitcoin, continuing the balance sheet strategy that was first introduced in 2020.
Executive Chairman Saylor signed off on the move ahead of the announcement, posting a message over the weekend urging viewers to “think bigger,” a phrase linked to the company’s ongoing bitcoin fundraising campaign.
Bitcoin rails for billion strategy
The acquisition was financed through a combination of equity issuance and sale of preferred stock. The strategy raised about $366 million through the sale of common stock and about $2.18 billion through its preferred stock offering known as STRC.
The STRC instrument has taken an important role in financing recent acquisitions. The preferred stock carries a variable dividend structure designed to keep the price close to equity while offering an annual yield of approximately 11.5%. The company recently proposed changing dividend payments from monthly to monthly plans, a move aimed at improving liquidity and reducing delays in capital reinvestment.
The strategy continues to increase its capacity to raise capital. Billions of dollars in additional common and preferred shares remain authorized for issuance under existing plans. These efforts are part of a broader plan to raise capital in equity and convertible instruments to fund additional bitcoin purchases in 2027.
Strategy Holdings’ stake now represents more than 3.8% of bitcoin’s stable of 21 million coins, underscoring the company’s major role in the market.
Shares of Strategy fell about 2.5% in premarket trading following the disclosure, reflecting investor sensitivity to both bitcoin price movements and the company’s continued reliance on capital markets to fund acquisitions.
STRC bi-weekly payments
The strategy is moving forward to increase the frequency of payouts on its preferred stock STRC, indicating a push to make the Bitcoin-backed instrument more attractive to income-oriented investors.
In the proposal, the company said it plans to switch its STRC (Variable Rate Series A Perpetual Stretch Preferred Stock) shares from a monthly schedule to a monthly schedule. The change will effectively split the current 11.50% yield into two monthly payments, providing more regular cash flow and dividends to shareholders.
The correction reflects the growing need for short-term income, especially since Bitcoin markets are always volatile. With BTC trading near $74,000, the Strategy appears to be positioning STRC as a responsive yield product for both institutional and retail investors looking for regular payouts.
The STRC structure is designed to maintain a stable value of $100 per share by using a variable dividend method. When the share price falls below that level, the yield rises to stimulate demand and support price stability. This variable rate setting process – currently adjusted monthly – may be more effective under a monthly framework.
At the time of writing, the price of bitcoin dances between $75,000 and $76,000.
