Technique added to its bitcoin treasury for a 3rd straight week, buying 13,627 BTC for roughly $1.25 billion at a median value of $91,519 per coin, in line with an SEC submitting dated January 12.
The purchases had been made between January 5 and January 11 and funded by way of the corporate’s at-the-market providing program, which included gross sales of Class A typical inventory (MSTR) and its 10.00% Collection A perpetual most well-liked inventory, Stretch (STRC).
The gross sales generated about $1.2 billion in web proceeds, with $1.1 billion coming from frequent inventory and $119 million from most well-liked fairness.
The most recent purchase brings Technique’s complete bitcoin holdings to 687,410 BTC, acquired for an combination price of $51.8 billion at a median buy value of $75,353 per bitcoin.
At present costs, the stash is value roughly $62 billion.
Final week, Technique disclosed one other sizable bitcoin buy, buying 1,286 BTC for about $116 million in a submitting with the U.S. Securities and Alternate Fee.
The buys, made between late December and early January, lifted the corporate’s complete holdings to 673,783 BTC on the time, funded by way of Class A share gross sales below its at-the-market program.
Technique additionally elevated its U.S. greenback reserves final week to $2.25 billion to assist most well-liked dividends and debt obligations, whereas reporting a median bitcoin price foundation of roughly $75,000 per coin.
Regardless of bitcoin rebounding above $90,000 to start out 2026, the agency recorded a $17.44 billion unrealized loss within the fourth quarter of 2025 after costs fell sharply from October highs.
Technique’s latest MSCI drama
Over the previous a number of months, Technique has been on the focal point tied to its inclusion in MSCI’s world fairness indexes as a result of its huge Bitcoin treasury technique.
MSCI — one of many world’s most influential index suppliers — launched a evaluation in late 2025 to contemplate whether or not firms with greater than ~50 % of property in digital property (so-called Digital Asset Treasury Firms, or DATCOs) ought to stay in main benchmarks just like the MSCI World and MSCI USA indexes.
If excluded, passive funds monitoring these indexes might be compelled to promote billions of {dollars} of MSTR shares, with estimates suggesting as much as ~$2.8 billion in outflows from MSCI-linked funds alone and much more if different suppliers adopted go well with. Analysts from JPMorgan and TD Cowen estimated that exclusion from these indices might threaten billions in further market worth on high of that.
Technique’s inventory endured some declines and heightened risk-off sentiment as markets priced in the specter of index exclusion, with its share value dropping sharply in late 2025 amid these issues.
Firm management, together with Michael Saylor, publicly defended its positioning as a legit working firm somewhat than a passive fund, partaking with MSCI throughout the session and stressing its enterprise operations alongside Bitcoin holdings.
In an announcement on X, Saylor stated that the corporate is “not a fund, not a belief, and never a holding firm.” He described the agency as a publicly traded working firm with a $500 million software program enterprise and a novel treasury technique that makes use of Bitcoin as productive capital.
In early January 2026, MSCI introduced it will not implement proposed exclusions of DATCOs from its indexes presently, successfully suspending any removing for the upcoming February 2026 evaluation. This choice was extensively interpreted as short-term aid for Technique — lifting some promoting stress and resulting in a 4 %–6 % rise in MSTR inventory as traders welcomed the reprieve.
Nonetheless, MSCI additionally signaled a broader session on the way to classify non-operating firms, indicating that related debates might resurface later in 2026.
Regardless of all this shopping for, the worth of bitcoin has been little-changed over the past couple of months. Bitcoin has bounced across the $90,000 vary and is at present buying and selling at $90,555.
