Michael Saylor’s Strategy Buys 10,645 BTC, Pushing Corporate Holdings Above 671K BTC
The post Michael Saylor’s Strategy Buys 10,645 BTC, Pushing Corporate Holdings Above 671K BTC appeared on BitcoinEthereumNews.com.
Michael Saylor’s Bitcoin-buying machine kept humming this week as Strategy, the corporate vehicle he chairs, disclosed another near-$1 billion purchase, boosting its already massive stash to more than 671,000 BTC. In a brief post on X, Saylor said the firm had bought 10,645 Bitcoin for about $980.3 million at an average price of roughly $92,098, and that Strategy’s holdings stood at 671,268 BTC acquired for about $50.33 billion at an average cost of $74,972 per coin. The timing of the buy is notable. Bitcoin has cooled from this year’s blistering highs and on Monday was trading in the high-$80,000s, a level that leaves the company sitting on meaningful unrealized gains versus its aggregate cost basis but still below some of the mid-2025 peaks. The market price reported by real-time feeds put BTC around $89,468 at the time of publication, showing the gap between Strategy’s average acquisition cost and today’s spot levels. Filings show this latest accumulation was funded in the same way many of Strategy’s purchases have been: through its “ATM” program and by selling equity and preferred instruments to raise cash. Bloomberg and company disclosures indicate the firm has routinely monetized its stock and issued preferred shares to finance Bitcoin buys rather than dipping into operating cash, a pattern that continued during the most recent buying period. That approach lets Strategy keep adding to its treasury without materially changing its stated mission of being a Bitcoin reserve company, but it also ties the firm’s balance sheet and share dilution dynamics to the rhythm of its purchases. Analysts and market reporters reacted quickly, noting that the fresh outlay nudges Strategy’s total Bitcoin spending above $50 billion, a milestone that highlights how central BTC has become to the company’s identity. At current prices, that BTC hoard is worth well over $60…
Filed under: News - @ December 16, 2025 9:26 am