Michael Saylor’s company Strategy has expanded its bitcoin stash again, picking up another 2,486 BTC worth about 168.4 million dollars over the past week. A regulatory filing shows the purchases were made at an average price near 67,700 dollars per coin, during a period when bitcoin was sliding and sentiment across the market was deep in “fear” territory.
After the latest buys, Strategy now holds 717,131 bitcoin in its corporate treasury. The firm has spent roughly 54.52 billion dollars in total, which works out to an average purchase price of about 76,027 dollars per BTC. With bitcoin recently trading around 68,000 dollars, the position sits on an unrealized loss of close to 8,000 dollars per coin, or about 5.7 billion dollars on paper, although Saylor has repeatedly said he views the holdings on a multi decade horizon rather than through short term mark to market swings.
The fresh acquisition was funded entirely through capital markets. According to the same filing, Strategy raised about 90.5 million dollars via common stock sales and another 78.4 million dollars by selling shares of its STRC preferred series, continuing a playbook that has seen the company lean on equity issuance and convertible instruments to accumulate bitcoin through several cycles. That approach has drawn criticism from some shareholders who worry about dilution and the risk of tying the business so closely to a volatile asset, but it has also turned Strategy into one of the most visible listed proxies for bitcoin exposure.
Equity investors reacted cautiously. Strategy’s stock slipped roughly 3 percent in premarket trading after the disclosure and remains more than 60 percent below its level a year earlier, reflecting both the recent drawdown in bitcoin and growing concern about how much further the firm can keep issuing shares to fund purchases if the market stays weak. Even so, Saylor has shown no sign of backing away from his thesis that bitcoin will eventually trade far above the company’s average entry price, and the latest 168 million dollar buy underscores that Strategy is still using periods of macro stress to add to its already massive position.





































































































