New York, Jan 12, 2026, 17:31 EST — After-hours
- Strategy reported purchasing 13,627 bitcoin last week, pushing its total holdings to 687,410
- Fresh stock sales through the company’s at-the-market programs funded the purchase
- MSTR shares climbed roughly 3% in after-hours trading
Strategy Inc (MSTR) climbed in after-hours Monday following its announcement of an additional $1.25 billion bitcoin acquisition, financed through fresh share issuance.
The filing arrives amid a sensitive period for the stock. Strategy has emerged as one of the market’s largest “bitcoin proxy” plays — letting investors bet on the token via an equity that often moves more sharply than bitcoin itself.
It also shifts focus onto funding. The strategy hinges on accessing capital markets, including at-the-market offerings — which allow a company to sell shares at current market prices — to continue growing its bitcoin holdings.
According to a Form 8-K filed Jan. 12, Strategy bought 13,627 bitcoin between Jan. 5 and 11, shelling out roughly $1.247 billion—an average of $91,519 each. That brought its total holdings to 687,410 bitcoin, acquired at a combined cost of $51.80 billion. The company raised about $1.248 billion by selling 6.83 million shares of common stock and 1.19 million shares of STRC preferred stock, using the proceeds to finance the crypto purchase. It noted it still has ATM capacity left, with roughly $10.26 billion available under its common stock program and about $3.92 billion under STRC. (SEC)
Executive Chairman Michael Saylor announced on X: “Strategy has acquired 13,627 BTC for ~$1.25 billion at ~$91,519 per bitcoin.” (X (formerly Twitter))
The stock closed regular hours at $161.44, then ticked up in after-hours trading. (Yahoo Finance)
Bitcoin climbed roughly 0.7%, hitting around $91,179—close to the company’s reported average buy price for the week.
Investors are closely tracking the cost of that funding. In a recent filing, Strategy revealed its board has declared a cash dividend on its STRC preferred stock, set at an 11.00% annualized rate for the month ending Jan. 31. The dividend will be paid on Jan. 31 to shareholders of record as of 5 p.m. New York time on Jan. 15. (SEC)
Index treatment continues to hang over the market. Last week, MSCI delayed its move to kick digital asset treasury firms out of its indexes, which, according to Owen Lau, an analyst at Clear Street, “removes a material near-term technical risk.” (Reuters)
The trade cuts both ways. A steep bitcoin slump could weigh on Strategy’s shares and increase dilution risk as the company issues more stock to purchase the token. Earlier this month, Strategy revealed a $17.44 billion unrealized loss on its digital assets in the fourth quarter. (Reuters)
Traders will next focus on whether bitcoin can stay near the low-$90,000 range, how fast Strategy uses up its remaining ATM capacity, and if the company reveals any new balance-sheet info before its next earnings report, due early February according to market calendars. (Zacks)
