Catenaa, Tuesday, September 3, 2025- Strategy purchased an additional 4,048 BTC for roughly $449.3 million at an average price of $110,981 per bitcoin, raising its total holdings to 636,505 BTC, reports said.
The acquisitions, funded through sales of Class A common stock (MSTR) and multiple series of perpetual preferred stocks, now represent over 3% of bitcoin’s total 21 million supply.
The total cost of Strategy’s bitcoin holdings, including fees, stands at about $47 billion, implying $23 billion in unrealized gains.
Funding came from at-the-market sales of MSTR and preferred stock including Strike (STRK), Strife (STRF), and Stride (STRD), with significant capital still available under ongoing ATM programs.
Co-founder and Executive Chairman Michael Saylor reiterated that “Bitcoin is still on sale,” signaling potential further acquisitions.
Last week, the firm acquired 3,081 BTC for $357 million. Strategy’s market cap of $94.8 billion continues to trade at a premium to its bitcoin net asset value despite a contracting mNAV ratio around 1.37x.
Corporate adoption of bitcoin continues to expand, with 163 public companies now holding digital assets.
Strategy’s capital structure, combining equity, convertible debt, and preferred instruments, is designed to endure a prolonged 90% bitcoin drop while maintaining leverage manageable until 2028. MSTR shares closed at $334.41 Friday, down 1.3%, with bitcoin falling 2% for the week.
