- Strategy bought 10,624 BTC for $962.7M, lifting its total holdings to 660,624 BTC.
- The firm funded purchases through $963M in stock sales, keeping its BTC strategy fully active.
- Saylor is meeting Middle East sovereign funds as Bitcoin trades around $94,000.
Strategy (MSTR), the largest publicly traded Bitcoin holder, quietly flipped the switch back to large-scale accumulation last week, scooping up 10,624 BTC in one of its biggest weekly buys in months. The purchase totaled roughly $962.7 million at an average price of $90,615 — a level that shows the firm is still willing to load up even during turbulent market conditions. The move marks another chapter in Strategy’s ongoing mission to convert its balance sheet into what Michael Saylor calls “a Bitcoin-powered capital engine.”
Funding the Purchase Through Stock Sales
The buying spree didn’t come out of nowhere. Strategy raised $928.1 million by selling common stock, plus another $34.9 million from preferred STRD shares, using that capital to fuel its BTC expansion. With this latest acquisition, the company now holds 660,624 BTC purchased for a combined $49.35 billion. Its average cost basis sits at $74,696 — meaning even after the recent correction, Strategy is still comfortably in profit. Bitcoin itself climbed about 3% in the last 24 hours, trading near $94,000 as this went live.
Market Reaction and Saylor’s Middle East Push
MSTR stock, which plunged to $155 on Dec. 1 during last weekend’s crypto-wide panic, rebounded steadily throughout the week and now trades around $182.74 in premarket action. Meanwhile, Saylor is in Abu Dhabi for the BTC Conference, where he said he has been meeting with sovereign wealth funds, banks, family offices, and hedge funds. His Middle East tour shows the company’s next phase — onboarding deep-pocketed institutions who may follow Strategy’s model of treating Bitcoin as a long-term treasury asset.
