(Bloomberg) – Strategy Inc., the Bitcoin Treasury Company founded by Michael Saylor, bought the digital currency for the first time since it reached a record high earlier this month, increasing its stake to more than $ 73 billion after months of purchases. The firm, formerly known as Microstrategy Inc., has long been considered a clock for crypto sentiment, because it has become the largest corporate container of bitcoin. But as skepticism rose over the crypto -thesa model, the share price of strategy behind Bitcoin fell as it rose to a record price of $ 126,000 this month. The Virginia firm on Monday announced a purchase of an additional 220 bitcoin in a press release at an average price of $ 123,561 per coin, for a total of $ 27 million, the highest price strategy has ever paid per Bitcoin. This is the fourth smallest acquisition of bitcoin since last October and the seventh smallest on record, according to the company’s data. The latest purchase increases the Bitcoin stake of the strategy to a total of 640,250 Bitcoin, which represents 3% of the nearly 20 million total Bitcoin sign in circulation. Its importance is 12 times that of the next largest container, according to data from bitcointreasuries.net. Strategy’s share increased by 3.5% in Monday trading and to date increased by 8.9%. Recent data indicates that the crypto -testeurs model loses steam, not only in its performance, but also through the slow pace of Bitcoin purchase by Treasury businesses. Yet strategy has an advantage over its competitors through a focus on Bitcoin-linked fixed revenue tools, according to Mark Palmer, the benchmark stock analyst. The company has paid its everlasting stock stock offerings as a way for strategy to keep buying Bitcoin without diluting shareholders. In this structure, dividends are paid at a variable rate, giving borrowers the flexibility to drive out cryptocurrency cycles, Palmer says. It, in turn, offers Saylor with fresh cash to continue to buy the sign without weakening shareholder value through a stream of stock outreach. However, the company’s financing tactics also criticized after a recent preferred sale provided the demand for the sale, which forced the strategy to issue ordinary shares to compensate the shortage. The share of the strategy has been boosted after recent tax legislation enabling it to exclude unrealized profits on the possession of digital assets in calculating corporate tax obligations. The firm finished an unrealized profit of $ 3.89 billion on its digital assets for the quarter on September 30. The new tax rule removes a ‘significant source’ of potential strategy overhangs, according to TD Cowen analyst Lance Vitanza, while also being a key point of bitcoin integration in global financial systems. ‘ More stories like these are available on Bloomberg.com © 2025 Bloomberg LP
Saylor’s strategy resumes Bitcoin distribution at the highest price ever
