Strategy reignited its Bitcoin buying this week, announcing a $330 million purchase that added 4,871 BTC to its coffers — a move the Tysons Corner, Virginia-based firm funded mostly with proceeds from its variable-rate preferred share, STRC.
Quick takeaways
- Purchase: 4,871 BTC for $330 million (about $67,700 per BTC).
- Total holdings: nearly 767,000 BTC, valued at roughly $53.3 billion.
- Funding mix last week: $227 million raised via STRC vs. $72 million from common shares.
- Recent pause: the firm had skipped disclosing a buy the prior week, interrupting a 13-week buying streak during which it accumulated 90,831 BTC.
STRC and capital strategy
Strategy leaned heavily on its dividend-paying preferred share, STRC, to finance the latest buy. The company has been issuing STRC to keep the share’s price near its $100 par value — when STRC trades above $100, Strategy signals it will issue more. Last month the firm raised over $1.5 billion through STRC, and the preferred traded above $100 for four straight days last week.
Profit-and-loss snapshot
- In a financial update, Strategy said the market value of its Bitcoin holdings fell by $14.46 billion in Q1. That drop exceeded the $12.4 billion loss reported in Q4.
- As of Monday the company’s Bitcoin position was about $4.9 billion underwater.
- Since it began buying Bitcoin in 2020, Strategy’s average purchase price is $75,600 per BTC.
Market reaction and context
- Strategy shares were poised to open down about 2.4% to near $199, according to Yahoo Finance. The stock is down 21% year-to-date and roughly 65% versus six months ago from $359.
- Bitcoin itself rose to approximately $69,480 — up ~4.1% over the past day per CoinGecko — pushing the asset into weekly gains but still about 44% below last year’s $126,000 peak.
- On Myriad, a prediction market, traders assigned a 13% probability that Strategy sells Bitcoin this year, down from 17% a month earlier.
Leadership signal
Co-founder and Executive Chairman Michael Saylor signaled the renewed buying push in a short tweet over the weekend: “Back to Work.”
Bottom line: Strategy restarted active accumulation funded predominantly by STRC issuance, even as recent market moves left its BTC holdings with sizable unrealized losses.
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