New York, Jan 13, 2026, 17:34 EST — After-hours
Shares of Strategy Inc (MSTR.O) climbed 6.7% in after-hours trading Tuesday, hitting $172.99. The bitcoin-focused software firm revealed a new wave of cryptocurrency acquisitions.
This move is significant since Strategy now acts as a high-beta stand-in for bitcoin: its stock tends to swing more sharply than the token itself. Traders have been on alert for any hint the company would continue ramping up purchases despite bitcoin’s recent drop.
Funding remains a key focus. Strategy has been covering bitcoin purchases through share sales—a fast way to raise cash but one that risks diluting current shareholders if the stock trades low.
Strategy revealed in an SEC filing Monday it purchased 13,627 bitcoin from Jan. 5 to Jan. 11, shelling out $1.247 billion at an average price of $91,519 per coin, fees included. This lifted its total holdings to 687,410 bitcoin, bought for $51.80 billion at an average cost of $75,353. The company also reported sales through its at-the-market offering—allowing stock sales at current market prices—that brought in about $1.25 billion in net proceeds over the week. (SEC)
Executive Chairman Michael Saylor confirmed in a post on X: “Strategy has acquired 13,627 BTC for ~$1.25 billion at ~$91,519 per bitcoin.” (X (formerly Twitter))
Bitcoin climbed 4.6% on Tuesday, hovering near $95,417 during late U.S. trading. The surge gave a boost to crypto-linked stocks heading into the close.
Shares of other U.S.-listed crypto firms also edged up. Coinbase Global jumped 4.0%, with bitcoin miners Marathon Digital and Riot Platforms adding 2.7% and 1.9%, respectively.
Inside the boardroom, there was a modest show of confidence in the strategy. Director Carl J. Rickertsen purchased 5,000 shares on Jan. 12, paying a weighted average of $155.879 per share, per a Form 4 filed with the U.S. SEC. (SEC)
But it’s a double-edged sword. Strategy’s funding depends on steady investor appetite for fresh common and preferred shares. Pumping out too many can weigh on the common stock. Plus, the underlying asset is intentionally volatile. Its “Stretch” preferred (STRC) comes with a dividend rate that resets every month, and the company warns the cash dividend “is not guaranteed.” (Strategy)
Investors are eyeing bitcoin’s next move as Wednesday’s session approaches, along with any fresh updates on share sales and purchases. Closer on the calendar is Jan. 15, the ex-dividend and record date for Strategy’s STRC preferred shares — meaning buyers after that date usually miss out on the upcoming dividend, which is set to be paid on Jan. 31. (Nasdaq)
