Bitcoin-Focused Investment Company Strategy Continues BTC Purchases! Here Are the Details Submitted to the SEC
Bitcoin-focused institutional investment firm Strategy (formerly MicroStrategy) purchased approximately $18.8 million worth of additional Bitcoin (BTC) between October 13–19.
Strategy's Bitcoin Holdings Reach 640,418 BTC, Exceeding $71.1 Billion
According to its 8-K report filed with the US Securities and Exchange Commission (SEC), the company made purchases at an average price of $112,051 per BTC.
With the latest purchase, Strategy’s total bitcoin holdings reach 640,418 BTC, worth approximately $71.1 billion at current prices and representing more than 3% of Bitcoin’s total supply.
The company's co-founder and chairman, Michael Saylor, stated that the total acquisition cost was $47.4 billion, with an average unit cost of $74,010. This translates to a paper gain of approximately $23.7 billion at current prices.
The new bitcoin purchases were funded by proceeds from the company's perpetual preferred stock sales programs, STRK, STRF, and STRD. In addition to these programs, the strategy aims to accumulate bitcoin through additional stock and convertible bond issuances through 2027 under its “42/42 Plan,” which totals $84 billion.
The company's share classes are structured according to different risk profiles:
-
STRK: Convertible, 8% dividend rate, open to equity returns.
-
STRF: Non-convertible, 10% cumulative dividend rate, most conservative class.
-
STRD: Non-convertible, 10% dividend rate but non-cumulative, has the highest risk-return profile.
-
STRC: Variable rate, monthly dividend payment, designed to remain close to par value.
Strategy maintains its position as the world's largest institutional Bitcoin investor, with market observers characterizing the company's aggressive capital strategy as one of Wall Street's best long-term Bitcoin theses.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CoreWeave, the "Eye of the Storm" in the Latest AI Crash amid "Double Blow to Stocks and Bonds"
CoreWeave's stock price plummeted 25% in a single week, with junk bond yields soaring to 15% and the default probability exceeding 60%, triggering a financing crisis in AI infrastructure. This "double whammy" in both stocks and bonds has led to an 11% drop in the Philadelphia Semiconductor Index and the Nasdaq 100 experiencing its worst weekly performance of the year. Market participants warn that this marks a turning point in AI hype credit pricing—the high-leverage, heavy-debt expansion model is now facing a severe test amid elevated interest rates.
Japan taps Chainlink’s CCIP to accelerate tokenization — Details
Bank of America’s Hartnett, who accurately predicted major declines: “Sell signal” is over, investors will "return to tech stocks in mid-November”, the key lies in “chip prices”
Bank of America’s “sell signal” has ended, but this is by no means a call to bottom fish. Currently, the AI financing gap is widening, and technology stocks are extremely crowded. Strategists warn that the key to whether technology stocks can rebound in November depends entirely on “semiconductor prices.” In the short term, it is advised to avoid technology stocks, maintain a defensive stance, and position in small caps and REITs.
Crypto prices
More
