NEW YORK, December 29, 2025, 10:03 ET — Regular session
- Strategy shares rose after an SEC filing showed it bought 1,229 bitcoin last week for $108.8 million. 1
- The company sold 663,450 Class A shares through its at-the-market program, raising the same $108.8 million in net proceeds. 1
- Bitcoin slipped below $88,000; traders are watching crypto swings and Strategy’s pace of issuance. 1
Strategy Inc shares were up 1.1% at $160.60 in morning trade on Monday after the company disclosed a fresh bitcoin purchase funded by a sale of its own stock. 1
The update matters because Strategy’s equity has become a liquid stand-in for bitcoin exposure for stock investors, and its funding model relies heavily on issuing shares to buy more of the cryptocurrency. 1
With bitcoin still swinging sharply around year-end levels, the filing put renewed focus on how fast Strategy is adding to its holdings — and how much dilution investors may absorb along the way. 1
In a Form 8-K dated Dec. 29, the company said it sold 663,450 shares of its Class A common stock (MSTR) between Dec. 22 and Dec. 28 for net proceeds of $108.8 million. 1
That stock sale was executed under an at-the-market program, which lets a company sell shares into the open market over time at prevailing prices. 1
Strategy reported no sales during the week in its listed preferred-stock programs (STRF, STRC, STRK and STRD), and said it still had substantial capacity available for future issuance across those programs and its common stock. 1
The company said it acquired 1,229 bitcoin over the same period for $108.8 million, paying an average $88,568 per coin including fees and expenses. 1
As of Dec. 28, Strategy said it held 672,497 bitcoin bought for an aggregate $50.44 billion at an average purchase price of $74,997. 1
“The bitcoin purchases were made using proceeds from the sale of shares of MSTR Stock,” the filing said. 1
Michael Saylor, Strategy’s executive chairman, confirmed the purchase in a post on X, writing: “Strategy has acquired 1,229 BTC for ~$108.8 million.” 2
Bitcoin was down about 0.8% at roughly $87,231, after earlier trading as high as $90,247, according to market data.
Other crypto-linked stocks were mixed: Coinbase Global was up about 0.5%, while bitcoin miner Marathon Digital rose about 2.6%.
Investors are likely to keep tracking bitcoin’s direction and any further updates to Strategy’s issuance and purchase cadence, with the company’s regular disclosures offering near-term signposts on how aggressively it is deploying fresh equity proceeds into bitcoin. 1
