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Strategy Buys 2,932 Bitcoin for $264 Million, Lifting Treasury to 712,647 BTC

Financing via at-the-market equity plus preferred shares refocused investors on dilution risk.

Overview

  • SEC filings show the purchase occurred Jan. 20–25 at an average price of $90,061 per bitcoin for a total of $264.1 million.
  • The company sold 1,569,770 MSTR shares for about $257 million and 70,201 STRC preferred shares for roughly $7 million, with roughly $8.17 billion of ATM capacity still available.
  • Strategy now holds 712,647 BTC acquired for approximately $54.19 billion, reflecting an average cost of about $76,037 per coin and representing roughly 3.4% of bitcoin’s fixed supply.
  • The weekly buy marks a slower cadence than the prior two $1 billion–plus weeks, yet January additions total roughly 40,100 BTC.
  • MSTR shares have faced pressure as investors assess ongoing equity issuance, preferred dividend obligations and an mNAV hovering near parity.