Bitcoin giant Strategy, formerly known as MicroStrategy, has once again boosted its already massive holdings of the world’s leading cryptocurrency. The company announced that it bought another 430 BTC, worth approximately $51.4 million, at an average price of $119,666 per coin.
This latest purchase raises Strategy’s total stash to around 629,376 BTC, making it by far the largest public company holder of Bitcoin. Based on current market values, its total holdings are estimated at more than $72 billion, while the coins were acquired at a combined cost of roughly $46.2 billion, giving the firm billions in unrealized gains.
Backed by Equity and Preferred Stock
The acquisition was funded through Strategy’s ongoing equity programs, particularly its perpetual preferred stock offerings. In recent months, the company has tapped multiple instruments such as Series A Perpetual Stride (STRD) and Series A Perpetual Strike (STRK), giving it deep capacity to raise capital for Bitcoin purchases.
According to filings, Strategy’s preferred shares carry coupon rates between 8% and 10%, while its STRC program offers a variable floating rate. These structures allow the firm to steadily expand its Bitcoin holdings without relying solely on debt financing.
Long-Term Accumulation Plan
Strategy’s growth is part of what it calls the 42/42 plan, a roadmap to spend $84 billion on Bitcoin by 2027 using equity and convertible notes. The strategy follows the earlier 21/21 plan, which the company already executed ahead of schedule.
The aggressive accumulation has already delivered results. Year-to-date, Strategy’s Bitcoin reserves have generated a return of more than 25%, even with the volatility that has gripped the broader crypto market.
What’s Next for Strategy
With more than 629,000 BTC in its vault, Strategy controls just over three percent of Bitcoin’s circulating supply. This concentration not only underscores its dominance but also highlights the influence the company could have on market liquidity.
As capital markets continue to expand access to digital assets, Strategy’s structured financing model could become a blueprint for other corporations seeking to diversify their balance sheets with Bitcoin.
For now, the company shows no signs of slowing down its buying spree, reinforcing its position as the undisputed heavyweight in the Bitcoin treasury race.
