MicroStrategy Buys $2.54B in Bitcoin, STRC Trades Fund Purchase
MicroStrategy bought 34,164 BTC for $2.54 billion last week, its third-largest single-week purchase, funded largely by $2.18 billion of STRC preferred-stock dividend trades.
MicroStrategy’s Strategy unit purchased 34,164 bitcoin last week for $2.54 billion, the company reported, marking the third-largest single-week acquisition in its history. About $2.18 billion of the funding came from trades in the firm’s STRC preferred stock tied to an upcoming dividend.
Company filings show $366 million of the week’s funding came from common MSTR stock transactions, meaning roughly 85.7% of the buy was backed by STRC preferred-stock activity. The purchases were executed over the most recent trading period as investors bought STRC to capture the dividend and preferred shares were issued.
After the latest additions, MicroStrategy holds 815,061 BTC acquired at a total cost of about $61.56 billion and an average price of $75,527 per bitcoin. With bitcoin trading near $76,000, the company’s bitcoin treasury is roughly at breakeven on its cumulative investment. Public disclosures list a year-to-date yield of 9.5% on the bitcoin position.
The $2.54 billion purchase is the firm’s largest single-week buy in over 16 months and ranks third in company history, trailing two larger purchases made in November 2024. Filings indicate the Strategy unit carried out the transactions as part of MicroStrategy’s ongoing accumulation program.
Company statements indicate roughly $1.62 billion of STRF capacity remains and about $26.73 billion is available under the MSTR at-the-market program. The filings also show the company has completed about 15% of a planned $50 billion ATM issuance program tied to future bitcoin purchases.
MicroStrategy has proposed moving STRC dividend payments to a semi-monthly schedule, arguing that more frequent payouts could keep STRC trading closer to par and expand issuance capacity. Filings list a stated objective of reaching 1 million bitcoin by the end of 2026.
Preferred-share dividend trades have become a recurring funding method for MicroStrategy. Investors frequently buy STRC ahead of declared dividends to capture the payout and often sell afterward; proceeds from preferred-stock issuances and common-stock ATM sales are used to acquire additional bitcoin.
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