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Strategy Adds 196 Bitcoin as At-The-Market Sales Reach $128 Million

Most of the week’s capital raise was kept on hand, prompting questions about dividend funding and shareholder dilution.

Strategy posts q3 profit, keeping it on radar for s&p 500 inclusion.
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Bitcoin becomes a problem: $10.3B dilution risk stares MicroStrategy in the face

Overview

  • In a Sept. 29 SEC filing, Strategy disclosed buying 196 BTC for $22.1 million at an average price of $113,048, lifting its holdings to 640,031 BTC acquired for about $47.35 billion at an average cost of $73,983.
  • The same filing shows $128.1 million raised between Sept. 22–28 via at-the-market programs, including $116.4 million from common stock, $11.3 million from STRF preferred, and $0.4 million from STRD, with $22.1 million deployed into Bitcoin.
  • The purchase marked Strategy’s ninth straight week of accumulation and was among its smaller weekly adds this year.
  • Bitcoin rebounded above roughly $112,000 after dipping below $109,000 last week, and MSTR shares recovered after briefly falling under $300.
  • Analysts highlighted that retained proceeds likely support upcoming preferred dividends due Sept. 30 and renewed debate over dilution from ongoing equity issuance.