Strategy Expands Bitcoin Holdings With $357M Purchase Amid Stock Decline

• Strategy buys 3,081 BTC for $356.9M, boosting holdings to 632,457 BTC worth $71B.
• Stock drops 2.7% to $348 as funding via preferred shares raises equity issuance concerns.
• Bitcoin slips 1.6% to $112,580 while both BTC and Strategy shares remain 20% up YTD.

Strategy, formerly known as MicroStrategy, has expanded its Bitcoin position with the purchase of 3,081 BTC valued at approximately $356.9 million. The acquisition was made at an average price of $115,829 per token, according to a company filing. As of August 24, 2025, the firm holds 632,457 BTC, accumulated at an overall cost of $46.50 billion, or an average of $73,527 per coin.

The company reported that its Bitcoin strategy has produced a year-to-date yield of 25.4%. The latest purchase marks the firm’s return to market activity after a month without new acquisitions. A combination of equity offerings and preferred stock sales financed the most recent acquisition. Strategy confirmed it raised about $47 million from the issuance of its SRTK, STRF, and STRD preferred shares. These devices carry dividend obligations, requiring the company to allocate resources for regular payments.

Analysts noted that the reliance on preferred shares may force Strategy to continue issuing common stock in the future to cover these commitments. Such a change adds uncertainty to the company’s financing strategy, raising questions about its ongoing use of equity markets.

Market Impact on Shares and Bitcoin

Following disclosure of the purchase, Strategy’s stock closed at $348 on Monday, marking a 2.7 percent decline. Shares had previously reached a peak of $457 last month but remain up 20 percent year-to-date.

Bitcoin’s price showed weakness alongside the announcement, slipping 1.6% in the past 24 hours to $112,580, according to CoinGecko data. Despite the pullback, the cryptocurrency is also up 20% year-to-date.

Leadership and Strategy Outlook

Michael Saylor, co-founder and Executive Chairman, remains central to the company’s Bitcoin acquisition policy. Commenting on the evolving approach, independent analyst Lubka observed that the firm’s financing tactics create uncertainty.

He pointed out that obligations tied to preferred stock dividends could pressure the company to sell common equity more frequently. Lubka added that this unpredictability makes it difficult to forecast the company’s next move, particularly with regard to its use of at-the-market share sales.

The company’s ongoing accumulation strategy continues to position it as the largest corporate holder of Bitcoin globally. With holdings valued above $71 billion at recent market prices, Strategy maintains major exposure to the cryptocurrency market.

While both the company’s stock and Bitcoin experienced short-term declines, the acquisition underscores its ongoing commitment to expanding reserves. The firm’s reliance on capital markets for funding remains a central feature of its operational approach, linking its performance to investor confidence in both its stock and the broader digital asset sector.