Overview

• Strategy’s holdings rise to 638,460 BTC, acquired for about $47.17 billion at an average cost near $73,880 per coin.
• The company financed the latest buys via at-the-market offerings, selling 591,606 common shares for $200.5 million and issuing preferred stock for $16.9 million between September 2 and 7.
• Strategy reports a 25.8% year-to-date BTC yield for 2025, with Bitcoin trading around $112,000 at the time of the disclosure.
• The update follows the firm’s exclusion from the S&P 500 in favor of Robinhood and comes as investors assess dilution risks after changes to its mNAV guidance.
• Bloomberg estimates Saylor’s net worth at $7.37 billion, with approximately $6.72 billion attributed to his stake in the company.