Strategy spends nearly $1B on Bitcoin, lifting holdings to 660,600 BTC

Strategy has made its largest Bitcoin purchase in more than 100 days, spending $963 million to acquire 10,624 BTC last week. Funded largely through common stock issuance, the company now holds roughly 660,600 BTC, valued at about $60 billion.

The purchase is the firm’s biggest since mid-September. Strategy shares held steady around $180, despite falling nearly 50% over the past six months. Still, the stock gained 7.5% over the past five trading days as Bitcoin hovered near $90,000.

Cantor Fitzgerald analysts said fears that Strategy had shifted its Bitcoin strategy were unfounded, though they still cut the stock’s price target due to concerns over potential exclusion from MSCI indices. Analysts also noted Strategy’s $1.4 billion cash reserve as a prudent buffer.

The company also issued $44 million worth of STRD, offering a 10% annual cash dividend. As other Bitcoin-focused firms like Metaplanet and Twenty One Capital navigate their own transitions, Strategy remains the world’s largest corporate BTC holder.