Recent Bitcoin Acquisition
The corporate Bitcoin treasury leader purchased 22,300 Bitcoin between Jan. 12 and Jan. 19, representing its largest acquisition since April 2025. Strategy paid approximately $2.1 billion at an average cost of $95,284 per coin, according to Securities and Exchange Commission disclosures filed Monday.
Total company holdings now stand at 709,715 Bitcoin, equivalent to roughly 3.37% of the cryptocurrency's maximum 21 million supply. Strategy's cumulative purchases cost approximately $53.92 billion at an average price of $75,979 per unit, including transaction fees.
Funding and Share Performance
Common stock issuance funded 77% of the acquisition, with Strategy selling 10,399,650 MSTR shares for roughly $1.83 billion. The company generated an additional $294.3 million through STRC preferred share sales and $3.4 million via STRK preferred stock offerings.
Executive Chairman Michael Saylor has promoted STRC products as competitive alternatives to conventional retirement savings vehicles. The preferred shares feature dividend payments, prompting Strategy to accumulate cash reserves addressing potential future payment obligations.
MSTR shares traded near $161 Tuesday, falling over 7% from Friday's closing price. The stock has declined more than 60% across the past six months and entered negative territory for January, according to financial data providers.
Market Conditions and Company Valuation
Market conditions deteriorated during the purchase period as Bitcoin declined from $95,000 following geopolitical tension. The asset demonstrated 2% weekly losses while fluctuating around $90,000, though it briefly reached $97,500 in the past seven days.
Strategy's market capitalization relative to net asset value currently measures approximately 0.85, indicating the company trades below the value of its Bitcoin holdings. Saylor previously stated the corporate structure can withstand a 90% cryptocurrency decline persisting for four to five years, acknowledging shareholders would still experience significant losses under such scenarios.
Company Cash Reserves and STRC Performance
Company cash reserves total $2.2 billion, with last week's purchases exceeding funds raised by $300,000. Strategy maintained its USD Reserve without additions during the period, drawing from existing capital to complete the transaction.
Saylor highlighted STRC performance on Friday by sharing social media screenshots showing the preferred share trading at $100.04. STRC previously fell to $90.52 in November but has recovered toward its $100 par value while distributing an 11% variable-rate dividend.