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.
- The company sold 663,450 Class A shares through its at-the-market program, raising the same $108.8 million in net proceeds.
- Bitcoin slipped below $88,000; traders are watching crypto swings and Strategy’s pace of issuance.
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.
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.
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.
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.
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.
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.
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.
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.
“The bitcoin purchases were made using proceeds from the sale of shares of MSTR Stock,” the filing said. SEC
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.” X (formerly Twitter)+1
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.
