A report presented to the SEC revealed that the company acquired 10,645 BTC for $980.3 million, at an average price of $92,098 per Bitcoin. Currently, it has achieved a BTC yield of 24.79% year-to-date (YTD) and holds 671,268 BTC, acquired for $50.33 million, at an average price of $74,972 per Bitcoin.
The presentation to the SEC also shows that Strategy made this purchase with the net proceeds from the sales of STRK, STRD, and MSTR shares. It raised $600,000, $82.2 million, and $888.2 million from these stock sales, respectively.
Michael Saylor had announced another Bitcoin purchase by Strategy in his regular Sunday X post. He captioned the post: "₿back to More Orange Dots", indicating that they had bought more BTC.
It is worth noting that this purchase exceeds that of two weeks ago when the company acquired 10,624 BTC for $962.7 million. These last two purchases are the largest since July when it acquired $2.46 billion in BTC.
Additionally, MSTR stock sales accounted for the majority of the revenue from the At-The-Market (ATM) program, which Strategy used to finance both purchases. These MSTR stock sales have increased significantly since the company established the USD reserve, which, it suggested, would offset the need to sell its BTC holdings even if its monthly net asset value (mNAV) falls below 1x.
These purchases occur amid uncertainty over a potential exclusion from MSCI due to its holdings of Bitcoin Treasury bonds. Saylor's company has already requested MSCI to withdraw its proposal to exclude from its global indices the Treasury bonds of digital assets with more than 50% in cryptocurrencies.
Strategy has also continued to double down on its efforts to accumulate Bitcoin amid concerns about a bear market, which threatens to drive up the price of BTC. Bitcoin is at risk of falling to $70,000, as the Bank of Japan is likely to raise interest rates this week.
A potential drop in BTC price is bearish for MSTR shares, which share a strong positive correlation with the flagship cryptocurrency. The stock has notably fallen more than 24% in the last month, amid Bitcoin's drop below $100,000.
Meanwhile, TradingView data shows that Strategy's shares are currently trading unchanged following the company's announcement about its latest Bitcoin purchase. The stock is trading at nearly $177 in pre-market, following last week's close of $176.
