Strategy (formerly MicroStrategy) has reportedly repurchased 4,225 bitcoins at around $472.5 million. The acquisition occurred on July 7, 2025, to July 13, 2025, at an average price of $111,827 per Bitcoin ($BTC). This sale would take Strategy to a total of $601,550 BTC, currently worth more than 73 billion at recent market prices.
Michael Saylor, the executive chairman and co-founder of the company, stated that their total expenses related to all bitcoin currently owned by Strategy are about 42.9 billion dollars, which includes tariffs and other costs. The average high price in which the company has purchased these holdings is $71,268 per piece of Bitcoin. This is nearly 2.8% of the 21 million in total bitcoin supply with an unrealized gain estimated at approximately 30 billion.
Equity Sales Fuel Strategy’s Bitcoin Expansion
Strategy made use of proceeds in at-the-market (ATM) of a series of equity instruments to fund the most recent bitcoin acquisition rounds. These comprised 797,008 shares of its Class A common stock (MSTR) that brought out $330.9 million. Further, the company had sold 573,976 common conversion shares of its STRK convertible preferred stock worth 71.1 million, 444,005 non-convertible cum teams of STRF and 158,278 non-convertible teams of STRD worth $15 million.
The two types of preferred stock have different investment attributes. STRK has an 8 percent fixed non cumulative dividend with convertible privileges. STRF is a fixed 10 percent cumulative dividend with no conversion weighting more toward the conservative end. Non-convertible, STRD yields a 10% fixed non-cumulative dividend and greater accretion potential.
Increased Funding Campaign to Continue Bitcoin ($BTC) Piling up
The capital-raising efforts being pursued by strategy come under the firm 42/42 expansion that is focused on trying to raise 84 billion in capital to acquire bitcoin by 2027. This strategy was an alternative to the initial 21/ 21 plan of $42 billion that ran out of equity funding. The company has also issued a $4.2 billion ATM offering of its shares of the STRD and on top of that it carried out a preferred stock fundraising.
