Strategy Expands Bitcoin Holdings to 601,550 BTC Valued at $73 Billion

Strategy has significantly expanded its Bitcoin holdings, now surpassing 601,550 BTC, valued at approximately $73 billion. This strategic move is part of the company's ambitious plan to acquire $84 billion worth of Bitcoin by 2027. The company has employed innovative funding mechanisms to support this goal, including the sale of nearly 800,000 MSTR shares, which raised $330.9 million. Additionally, Strategy has introduced three distinct classes of preferred stock—STRK, STRF, and STRD—to diversify its investor base and accelerate Bitcoin accumulation.

STRK preferred shares offer an 8% non-cumulative dividend with conversion rights, appealing to investors seeking flexibility. STRF shares provide a 10% cumulative dividend but are non-convertible, targeting income-focused stakeholders. STRD shares carry the highest risk profile but compensate with a 10% non-cumulative dividend, attracting more aggressive investors. These diversified funding instruments have enabled Strategy to maintain a steady Bitcoin acquisition pace, with over $44.3 billion available through its equity and preferred stock ATM programs. This financial flexibility supports the company’s ambitious “42/42” capital strategy, aiming to raise $84 billion by 2027 to expand its Bitcoin holdings substantially.

Despite a recent slowdown in Bitcoin purchases, Strategy’s treasury remains unparalleled in scale and resilience. The firm paused acquisitions from June 30 to July 6, coinciding with the release of Q2 results that revealed $14.05 billion in unrealized gains on its Bitcoin holdings. This marks a significant recovery following a $5.91 billion loss reported in Q1. Strategy’s conservative debt management—with no major obligations until 2028—positions it to weather potential market volatility, including severe Bitcoin price corrections. Co-founder Michael Saylor has publicly stated that the company’s capital structure is robust enough to endure a prolonged 90% decline in Bitcoin’s value, underscoring the firm’s long-term commitment and financial discipline.

With a market capitalization of $118.8 billion, Strategy trades at a premium relative to its Bitcoin net asset value, reflecting investor confidence in its strategic vision and capital management. While some market participants express concerns over valuation, many recognize the strength derived from its substantial Bitcoin treasury and diversified funding sources. Strategy remains the dominant player among 141 publicly listed companies holding Bitcoin. Competitors such as Marathon Digital Holdings, Twenty One, Riot Blockchain, and Metaplanet Digital lag significantly behind. Notably, Metaplanet recently increased its Bitcoin holdings by 797 BTC, bringing its total to 16,352 BTC, highlighting ongoing competition in the institutional Bitcoin accumulation space.

Strategy’s continued expansion of funding tools and disciplined Bitcoin acquisition strategy reinforce its position as the leading public Bitcoin holder. With a diversified capital structure, substantial treasury reserves, and a long-term outlook, the firm is well-equipped to navigate market fluctuations and capitalize on Bitcoin’s growth potential through 2027 and beyond. The company now controls approximately 2.8% of Bitcoin’s total supply, boasting a robust market capitalization of $118.8 billion and maintaining a strong financial position with no significant debt maturities until 2028. This strategic approach positions Strategy as a formidable player in the Bitcoin market, poised to continue its dominance through innovative funding and disciplined accumulation.