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1h ago

Strategy Adds 3,081 Bitcoin, Lifts Treasury to 632,457 BTC in Equity-Funded Buy

Funding came via at-the-market equity offerings alongside preferred shares, raising dilution concerns.

Bitcoin treasury capital
Michael saylor's strategy added 3,081 bitcoin, bringing stack to nearly 632.5k
Strategy adds 3,081 btc in $356.9m purchase at $115,829 each
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Overview

  • An SEC Form 8-K reports the company bought 3,081 BTC between Aug. 18 and 24 for about $356.9 million at an average price of $115,829, bringing holdings to 632,457 BTC worth roughly $70 billion.
  • The purchase was funded by approximately $300.9 million in common stock sales plus about $44.8 million from STRK, STRF, and STRD preferred issues, with $16.7 billion still authorized under its ATM program.
  • August accumulation stands at 3,666 BTC, a sharp slowdown from July’s 31,466 BTC after smaller early‑month buys of 155 BTC and 430 BTC.
  • The buy followed a revision of a pledge tied to a 2.5x mNAV threshold and drew investor pushback, while MSTR fell more than 4% in premarket trading as Bitcoin slipped near $111,000.
  • Michael Saylor signaled continued accumulation with a post stating “Bitcoin is on sale” and repeated a long-term bullish outlook, as the treasurer said OTC execution limits immediate market impact.