- Strategy now holds 601,550 BTC worth $73B, using stock sales and preferred shares to fuel its bold $84B Bitcoin buying plan by 2027.
- The firm raised $330.9M through 797,008 MSTR shares and launched three risk-tiered preferred stocks to accelerate BTC accumulation.
- With 2.8% of all Bitcoin, a $118.8B market cap, and no major debt due until 2028, Strategy leads all public BTC holders with long-term strength.
Strategy has made another push into Bitcoin, acquiring 4,225 BTC for $472.5 million at $111,827 per coin. As of July 13, 2025, the firm now holds 601,550 BTC, worth over $73 billion. This represents more than 2.8% of Bitcoin’s total 21 million supply.
The average purchase price stands at $71,268, locking in roughly $30 billion in paper profits. Strategy’s co-founder, Michael Saylor, confirmed the figures through a company statement. The latest acquisition was funded through the firm’s ongoing ATM offerings across its equity and preferred stock programs.
Strategy Expands Funding Tools for BTC Accumulation
Besides selling 797,008 MSTR shares for $330.9 million, Strategy also raised funds from three preferred stock classes. These include STRK, STRF, and STRD, each with different dividend structures and risk profiles. STRK offers an 8% non-cumulative dividend and conversion rights. STRF provides a 10% cumulative dividend and is non-convertible. STRD carries the highest risk but offers a 10% non-cumulative return, appealing to aggressive investors.
Consequently, these diverse offerings have allowed Strategy to sustain its BTC acquisition pace. The firm has over $44.3 billion available across all preferred and common equity ATM programs. This supports its expanded “42/42” capital strategy, targeting $84 billion in total funding for BTC purchases by 2027.
Slower Buys, Higher Confidence
While Strategy has slightly slowed purchases in recent weeks, its treasury remains unmatched. The firm had paused buying between June 30 and July 6, aligning with Q2 results that showed $14.05 billion in unrealized BTC gains.
This followed a Q1 loss of $5.91 billion. However, Strategy remains resilient. Its low debt load and no major payments until 2028 help absorb market shocks. Saylor believes the structure could withstand a prolonged 90% BTC drop.
Moreover, Strategy still commands a $118.8 billion market cap, trading at a premium to its BTC net asset value. Some investors worry about the valuation. However, others see strength in its long-term capital positioning.
Additionally, Strategy leads a growing list of 141 public BTC-holding firms. Competitors like MARA, Twenty One, Riot, and Metaplanet trail far behind. Notably, Metaplanet recently added 797 BTC, now holding 16,352 BTC.
