Strategy Adds 155 BTC Worth $18M to Treasury Holdings

• Strategy bought 155 Bitcoin for $18 million and now holds 628,946 BTC total. 

• MSTR stock jumped 3% to $406 after the purchase announcement. 

• The company has delivered 100% average annual returns since adopting Bitcoin strategy five years ago.

Strategy has expanded its Bitcoin treasury with another strategic purchase, acquiring 155 BTC for $18 million at an average price of $116,401 per Bitcoin. The latest acquisition brings the company’s total Bitcoin holdings to 628,946 BTC, valued at approximately $46.09 billion with an average purchase price of $73,288 per coin.

The business intelligence firm achieved a 25% Bitcoin yield year-to-date through its ongoing accumulation strategy. This purchase ranks among the company’s smaller acquisitions in 2024, following previous buys including 130 BTC in March and 245 BTC in June.

MSTR Stock Surges Following Bitcoin Purchase

Strategy stock (MSTR) climbed 3% in premarket trading to approximately $406, recovering from last week’s closing price of $395. The stock movement aligns with Bitcoin’s weekend rally, which saw BTC break above $122,000 and approach new all-time highs.

The strong correlation between MSTR stock and Bitcoin price continues to drive investor interest. Strategy shares have gained over 31% year-to-date, outperforming Bitcoin during the same period.

SEC filings reveal that Strategy funded the Bitcoin purchase through proceeds from selling 115,169 shares of its MSTR stock, generating $13.6 million in net proceeds. The company supplemented this with additional capital to complete the $18 million acquisition.

Five Years of Bitcoin Strategy Delivers Record Returns

The purchase coincides with the fifth anniversary of Strategy’s Bitcoin adoption strategy. Since implementing this approach, MSTR has become the best-performing major asset, delivering an average annual return of 100% over the five years.

Executive Chairman Michael Saylor hinted at the purchase through social media, suggesting continued Bitcoin accumulation remains profitable for long-term holders. The acquisition follows Strategy’s largest 2024 purchase of 21,021 Bitcoin worth $2.46 billion, completed just one week prior.

Strategy has raised $46 billion through Bitcoin-backed equity and credit offerings to fund its cryptocurrency strategy. The company recently filed a $4.2 billion offering and plans to use proceeds for additional Bitcoin purchases.

The firm’s latest Bitcoin-backed security, MSTR stock, completed the year’s largest initial public offering, raising over $2.5 billion. This capital injection positions Strategy to continue its aggressive Bitcoin accumulation strategy as cryptocurrency markets reach new price levels.

Bitcoin’s current momentum toward fresh all-time highs supports Strategy’s thesis that corporate Bitcoin holdings provide superior long-term value to traditional treasury assets. The company maintains its position as the largest corporate Bitcoin holder globally.