Strategy Adds 1,229 BTC at $88.6K

Key Insights:

• Strategy purchased 1,229 Bitcoin using equity sale proceeds, increasing total holdings to 672,497 BTC.
• The average Bitcoin purchase price remains $74,997, with current prices placing holdings back above cost.
• No preferred shares were sold, as the entire Bitcoin purchase was funded through MSTR stock issuance.

Strategy Inc. reported a new Bitcoin purchase in a Form 8-K filed with the U.S. Securities and Exchange Commission on December 29, 2025. The disclosure confirms the company acquired 1,229 Bitcoin during the period from December 22 to December 28.

The purchase was completed at an average price of $88,568 per Bitcoin, with a total cost of $108.8 million, including fees. The acquisition followed the company’s established approach of using equity sales to fund Bitcoin purchases.

Equity Sale Funds Latest Bitcoin Buy

The filing shows Strategy sold 663,450 shares of its Class A common stock (MSTR) during the same period. Net proceeds from the sale totaled $108.8 million, which were fully allocated to the Bitcoin purchase.

No shares were sold under the company’s preferred stock programs during the reporting window. The filing lists no activity for STRF, STRC, STRK, or STRD securities, while available issuance capacity under those programs remains in place.

Strategy confirmed that the Bitcoin purchase price includes all transaction-related costs. The company stated the purchase followed its existing treasury framework tied to market-based equity issuance.

Total Bitcoin Holdings Continue to Grow

At press time, 2025, Strategy reported total Bitcoin holdings of 672,497 BTC. The company’s aggregate purchase cost stands at approximately $50.44 billion, with an average purchase price of $74,997 per Bitcoin.

With Bitcoin trading above that level, Strategy’s holdings are back above cost on an unrealized basis. Michael Saylor, the company’s Executive Chairman, responded to the update with the phrase “Back to Orange,” signaling that market prices have moved above the firm’s average entry level. 

The disclosure did not announce changes to Strategy’s accumulation pace or funding structure beyond the reported transaction.

Portfolio Value and Market Pricing

Based on prices around December 28, Strategy’s Bitcoin holdings are valued at roughly $58.92 billion. This places the position about 17% above total acquisition cost, or roughly $8.6 billion higher than the amount spent.

Bitcoin was currently priced at $87,669.40, with a 24-hour trading volume of about $50.04 billion. The asset is down 0.1% over the last day and 2.3% over the past week, based on market data.

Strategy also stated that it uses its public website dashboard as a disclosure channel for Bitcoin holdings, equity activity, and related metrics. The company noted that this information is provided to support broad access under Regulation FD rules.

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