Strategy Drops $963M on Bitcoin in Biggest Buy Since July
CMC Crypto News

Strategy Drops $963M on Bitcoin in Biggest Buy Since July

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The company disclosed the transaction through an SEC filing Monday. Strategy paid an average of $90,615 per token between December 1 and December 7.

Strategy Drops $963M on Bitcoin in Biggest Buy Since July

Bitcoin News

Michael Saylor's firm completed its biggest Bitcoin acquisition since July, spending $963 million to add 10,624 tokens during the first week of December. The purchase brings Strategy's total to 660,624 tokens held in corporate treasury.

The company disclosed the transaction through an SEC filing Monday. Strategy paid an average of $90,615 per token between December 1 and December 7, funding the buy through equity sales that generated $928.1 million from Class A shares and $34.9 million from STRD preferred stock.
Strategy's Bitcoin position now represents over 3% of the cryptocurrency's 21 million token cap. The firm's entire holdings cost $49.4 billion at an average price of $74,696 per token, creating paper gains of roughly $10.6 billion with Bitcoin trading near $90,000.
MSTR shares closed Friday at $178.99, down 40.4% for 2025 and off 51% over 12 months. Pre-market trading showed gains of 2.4% Monday following the acquisition announcement.

The Virginia-based company maintains substantial funding capacity for future purchases. Strategy has $13.4 billion remaining under its MSTR equity program and $4.1 billion available through STRD offerings, supporting an $84 billion capital plan through 2027 that combines stock sales with convertible debt.

Saylor spoke at a conference in Abu Dhabi on Monday, pitching Bitcoin to sovereign wealth funds and banks as digital capital. He described the asset as a foundation for yield-bearing products that reduce volatility while generating returns for institutional investors.

Strategy created a $1.44 billion reserve last week to handle dividend payments and debt service. CEO Phong Le said the cash cushion addresses concerns about the firm's ability to meet obligations if MSTR shares decline further. The reserve covers 18 months of commitments, with the company's first debt maturity scheduled for February 2027.

Digital asset treasury firms recorded $1.32 billion in November inflows according to DefiLlama, down 34% from October and marking the slowest month of 2025. Bitcoin-focused companies accounted for over $1 billion of that total, while Ethereum treasury operations showed $37 million in outflows during the period.

Twenty One Capital, backed by Tether and Softbank, prepares to list on the New York Stock Exchange this week under ticker XXI. Co-founder Jack Mallers announced 43,500 tokens worth $3.9 billion moved out of escrow ahead of the debut.
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