Strategy (formerly MicroStrategy), led by Michael Saylor, has purchased an additional 390 BTC for $43.4 million at an average price of $111,053 per bitcoin. As of October 27, the company holds 640,808 BTC in total, acquired for approximately $47.44 billion at an average price of about $74,032 per BTC.
The latest purchase was financed through the issuance of three of the company’s four existing series of preferred shares—STRF, STRK, and STRD. The company did not issue new MSTR common stock for this acquisition.
Key figures:
- New purchase: 390 BTC for $43.4 million
- Average purchase price for this tranche: $111,053 per BTC
- Total holdings: 640,808 BTC as of October 27
- Aggregate cost basis: ~$47.44 billion
- Average cost basis: ~$74,032 per BTC
- Financing: Preferred shares STRF, STRK, STRD; no new MSTR common stock issued
The move underscores Strategy’s continued bitcoin accumulation approach and highlights a funding preference for preferred equity over issuing additional common shares. With one of the largest corporate BTC treasuries, the company remains a prominent bellwether for institutional bitcoin exposure.
Looking ahead, issuance activity across the firm’s preferred share programs may continue to influence the pace of additional BTC purchases.