Strategy adds 4,603 Bitcoin to treasury in $370 million purchase

MicroStrategy (NASDAQ: MSTR) announced the purchase of 4,603 Bitcoin at an average price of $80,318 per BTC, costing $370 million. The acquisition raises the company’s total Bitcoin holdings to 845,050 BTC, acquired for a cumulative $63.3 billion at an average price of $75,413.

Funding and cash management

The purchase was financed with net proceeds from a $602 million common‑stock sale. Of the proceeds, $30 million was allocated to increase the company’s USD cash reserve and $151.8 million was used to repurchase its perpetual preferred stock, STRC.

Preferred stock dynamics

STRC traded at $97.33 in pre‑market activity, representing a 2.67 % discount to its $100 par value. The stock is a key mechanism for funding Bitcoin accumulation; trading below par can limit fundraising capacity and may require adjustments to the dividend rate.

Strategic context

This is MicroStrategy’s first Bitcoin purchase since mid‑June, when it bought 1,587 BTC for roughly $100 million. The move follows a public statement by co‑founder Michael Saylor indicating the company’s intent to resume Bitcoin accumulation.

Recent corporate actions

• June 29 filing disclosed a capital framework allowing Bitcoin sales to fund dividends and raised the annual dividend on STRC to 12 %.
• Early June sale of 32 BTC marked the first reported Bitcoin sale since a 2022 tax‑loss transaction.