Overview
- Strategy disclosed Monday that it bought 535 BTC for about $43 million at an average price of $80,340, funding the move mainly with at‑the‑market sales of its MSTR common stock and lifting holdings to 818,869 BTC.
- Executive chairman Michael Saylor said the company intends to remain a net accumulator and would target buying roughly 10 to 20 bitcoin for every one it might sell.
- CEO Phong Le said any sale would be limited to specific cases such as paying preferred dividends or managing taxes and would be judged by whether it increases bitcoin per share, which is the company’s total coins divided by diluted shares.
- The financing backdrop includes STRC preferred stock that pays about an 11.5% yield and creates roughly $1.5 billion in annual cash dividends, $8.2 billion of convertible debt, and a Q1 fair‑value loss of $12.54 billion tied to marking bitcoin to market.
- Investors responded positively to the renewed buying, with MSTR edging higher in pre‑market trading, as analysts note the company could purchase tens of billions more this year if current issuance and buying patterns continue.